3 2018 50,000 8,500 (58,500) 11 2018 22,500 B Calculate for the cells highlighted in yellow Income Statement For the year: 2016 2017 4 Sales $ 120,000 $ 150,000 5 Cost of Goods Sold $ 100,000 6 Gross Profit $ General, Selling, & Administrative Expense $ 8 Depreciation $ Net Income $ 10 Balance Sheet For the year ending: 2017 12) Assets 13 Cash $ 18,250 14 Accounts Receivable $ 16,500 S 15 Net Fixed Assets $ 150,000 16 Total Assets $ 12 Liabilities Accounts Payable S 34,000 $ 19 Long-Term Debt $ 20 Total Liabilities $ 21 Equity 22 Cash Flow Statement For the year: 24 Cash Flows from Operating Activities 25 Net Income $ 20 Depreciation 27 Changes in Assets and Liabilities Determine whether these should be Accounts Receivable added or subtracted here, thus making the number either positive or negative. Accounts Payable 20 Cash Flows from Investing & Financing Activities (None for 2018) Net Cash Flow Ratios 13 Return on Equity 34 Current Ratio 22,500 $ 28,000 55,000 83,000 2018 (58,500) N/A (58,500) 16 310 3 2018 50,000 8,500 (58,500) 11 2018 22,500 B Calculate for the cells highlighted in yellow Income Statement For the year: 2016 2017 4 Sales $ 120,000 $ 150,000 5 Cost of Goods Sold $ 100,000 6 Gross Profit $ General, Selling, & Administrative Expense $ 8 Depreciation $ Net Income $ 10 Balance Sheet For the year ending: 2017 12) Assets 13 Cash $ 18,250 14 Accounts Receivable $ 16,500 S 15 Net Fixed Assets $ 150,000 16 Total Assets $ 12 Liabilities Accounts Payable S 34,000 $ 19 Long-Term Debt $ 20 Total Liabilities $ 21 Equity 22 Cash Flow Statement For the year: 24 Cash Flows from Operating Activities 25 Net Income $ 20 Depreciation 27 Changes in Assets and Liabilities Determine whether these should be Accounts Receivable added or subtracted here, thus making the number either positive or negative. Accounts Payable 20 Cash Flows from Investing & Financing Activities (None for 2018) Net Cash Flow Ratios 13 Return on Equity 34 Current Ratio 22,500 $ 28,000 55,000 83,000 2018 (58,500) N/A (58,500) 16 310