Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2018 2019 Cost of goods sold $ 224,359 $ 283,281 Cash 32,372 34,394 Depreciation 63,334 71,584 Interest expense 13,783 15,780 Selling & Administrative 44,121 57,586

2018

2019

Cost of goods sold

$ 224,359

$ 283,281

Cash

32,372

34,394

Depreciation

63,334

71,584

Interest expense

13,783

15,780

Selling & Administrative

44,121

57,586

Accounts payable

57,220

63,479

Fixed assets

279,419

348,508

Sales

440,122

536,483

Accounts receivable

22,939

29,755

Notes payable

26,079

28,474

Long-term debt

141,040

158,368

Inventory

48,272

66,244

New equity

-

27,157

company currently pays out 50 percent of net income as dividends original investors and has a 21 percent tax rate. prepare the followings:

  1. Income statement for 2018 and 2019.
  2. A balance sheet for 2018 and 2019.
  3. Operating cash flow for 2018 and 2019.
  4. Cash flow from assets for 2019.
  5. Cash flow to creditors for 2019.
  6. Cash flow to stockholders for 2019
  7. After preparing all these requirements, how would you describe the company cash flow for 2019? Write your opinion.
  8. Based on your analysis, what do you think about the expansion decision?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions