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2021 2020 Assets Current assets: Cash and marketable securities Accounts receivable Inventory Total Fixed assets: Gross plant and equipment Less: Accumulated depreciation Net plant and

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2021 2020 Assets Current assets: Cash and marketable securities Accounts receivable Inventory Total Fixed assets: Gross plant and equipment Less: Accumulated depreciation Net plant and equipment Other long-term assets Total Total assets CLANCY'S DOG BISCUIT CORPORATION Balance Sheet as of December 31, 2021 and 2020 (in millions of dollars) 2021 2020 Liabilities and Equity Current liabilities: $ 5 $ 5 Accrued wages and taxes 37 27 Accounts payable 36 32 Notes payable $ 78 $ 64 Total Long-term debt $104 $ 84 Stockholders' equity! 25 22 Preferred stock (2 million shares) $ 79 $ 62 Common stock and paid-in-surplus (5 million shares) 25 25 Retained earnings $ 104 $ 87 Total $182 $151 Total liabilities and equity $ 13 24 21 $ 58 $ 34 $ 12 22 20 $ 54 $ 32 $ 2 11 77 $ 90 $182 $ 2 11 52 $ 65 $151 $ $ 5 us CLANCY'S DOG BISCUIT CORPORATION Income Statement for Years Ending December 31, 2021 and 2020 (in millions of dollars) 2021 2020 Net sales $ 102 $ 106 Less: Cost of goods sold 52 48 Gross profits $ 50 $ 58 Less: Other operating expenses 5 4 Earnings before interest, taxes depreciation, and amortization (EBITDA) $ 45 $ 54 Less: Accumulated depreciation 3 3 Earnings before interest and taxes (EBIT) $ 42 $ 54 Less: Interest 3 3 Earnings before taxes (EBT) $ 39 $ 48 Less: Taxes 8 10 Net income $ 31 $ 38 Less: Preferred stock dividends $ 1 $ 1 Net income available to common stockholders $ 30 $ 37 Less: Common stock dividends 5 5 Addition to retained earnings $ 25 $ 32 Per (common) share data: Earnings per share (EPS) $ 6.00 $ 7.40 Dividends per share (DPS) $ 1.00 $ 1.00 Book value per share (BVPS) $17.60 $ 12.60 Market value (price) per share (MVPS) $18.25 $16.00 3 $ $ Nu Prepare a statement of cash flows for Clancy's Dog Biscuit Corporation. (Enter your answers in millions of dollars. Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows for Year Ending December 31, 2021 (in millions of dollars) Cash flows from operating activities Additions (sources of cash): Subtractions (uses of cash): Net cash flow from operating activities Cash flows from investing activities Subtractions: Net cash flow from investing activities Cash flows from financing activities Additions: Subtractions: Net cash flow from financing activities Net change in cash and marketable securities

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