Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

12 Balance Sheets for the Years Ending Dec. 31, 2011 and 2012 2011 2012 Cash 300 400 Accounts receivable 1,000 1,400 Inventories 3,200 3,000 Current

12
image text in transcribed
image text in transcribed
Balance Sheets for the Years Ending Dec. 31, 2011 and 2012 2011 2012 Cash 300 400 Accounts receivable 1,000 1,400 Inventories 3,200 3,000 Current assets 4,500 4,800 Net fixed assets 3,800 4,300 Total assets 8,300 9.100 Notes payable 400 300 Accounts payable 700 500 Accruals 50 80 70 80 Current portion of long- term debt Current liabilities 1,220 960 Long-term debt 4,300 4,900 Common stock ($.20 par) 1,200 1,300 Additional paid-in capital 680 740 Retained earnings 900 1,200 Total liabilities and equity 8,300 9,100 Net income (as reported on the 2012 Income statement) - 894 Depreciation (as reported on the 2012 Income statement) 167 Net Cash Flow from Financing Activities - INPUT YOUR ANSWER WITHOUT A DOLLAR SIGN AND WITHOUT ANY COMMAS. IF YOU MEAN FOR YOUR ANSI INDICATE A CASH INFLOW, ENTER THE ANSWER ONLY (for example, enter a cash inflow of $1,000 1000). IF YOU MEAN FOR YOUR ANSWER TO INDICATE A CASH OUTFLOW, PUT A NEGATIVE SIGN BEFORE ANSWER DO NOT ENTER A SPACE BETWEEN THE NEGATIVE SIGN AND THE NUMBER (for example, ente outflow of $1,200 as - 1200)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Islamic FinanceA Practical Perspective

Authors: Nafis Alam, Lokesh Gupta, Bala Shanmugam

1st Edition

3319665588, 9783319665580

More Books

Students also viewed these Finance questions

Question

Is ease of implementation a consideration?

Answered: 1 week ago

Question

1. Socialization policy in mass media?

Answered: 1 week ago