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2. (30 points) Balance Sheet and Income Statement of Zwitter Inc. are given below as of Dec 31 2014 and Dec 31 2015 Calculate 2015

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2. (30 points) Balance Sheet and Income Statement of Zwitter Inc. are given below as of Dec 31 2014 and Dec 31 2015 Calculate 2015 Cash Flow to/from: a) 4 points) Assets b) (4 points) Creditors c) 4 points) Stock Holders d) (4 points) If Zwitter distributes same percentage of its Net Income as dividends each year what was the amount of dividends that were distributed in 2014? (4 points) Which accounts would be affected (and by which amount) in the Balance Sheet if Zwitter were to distribute NO dividends in 2015 but retain all earnings (Net Income) within the company? e) BALANCE SHEET-ZWITTER COMPANY- in thousand 2014 2015 2014 2015 Cash Acc Rec Inventory Total Current Assets Net Fixed Assets Total Assets 84 100.8 45.6 122 146.4 720 812 866.4 500 52 80.4 1364 1446.8 110 132 Accounts Payable 34 40.8 Notes Payable 38 24 Total Current Liabilities 164 196.8 Long Term Debt 200 150Total Liabilities 690 1364 1446.8 Common Stock 500 Accumulated Retained Earnings Total Liabilities and Owners' Equity NCOME STATEMENT ZWITTER-in thousands Revenue Cost of Goods Sold Selling, Administrative Costs Depreciation EBIT Interest Income Before Taxes Taxes Net Income 2014 2015 500 600 300 360 60 10 140170 72 98 14.219.6 56.878.4 50 10 69 71

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