716/2015 Chapter: a. Cumberland Industries mo recent sales were 455,000,000: opcrating costs (excluding deprecistion) h. Cumharland Industrias partial balanca sheets ara shon balow. Cumberland issed 510,000,000 unew co sluck in Uhe musl recent year, Using this information ad the results from part a, fill in the missing valucs for common stock, rctained carnings, total common equity, and toral liabilities and aquiry .CConstruct the statamant ot cash tlows tor the masr recant yaar ussets: interest expe"5 were $8,550,000, Ih btule.plusfederal copurute Lax 'tAt, wU3 40% und Cumberland paid 25% of its nct income out in dividends. Given this information, construct Cumberland's incon stat mant. Alan caliilaitoral dividends and th addition to retainad AAning. Statcment of Cash Flows ueur w"rmur, stock issued (in thousands udu $10,000 and the balancc cheet abovs, we conctructsd the income statemem shown balow. Net Incorc Cumberiand Industrics Deccmber 31 Balancc Shects dustments: Key Input Dta or Cumberland Industies thousands o dellars) Thousands uf dollurs) Seles Revenue Due to changes in werking capital 91450 ST4,65 367,000 Nt xed a52cst Der 88 8 % of nel fixed 888818 Shcrt tem inetmart: Accounts Recevable u to charge in irwentorie Dusto chage in acounts payabe Dus to charge in 10450 24.902 24,770210,234 3,550 intesl expense Diodend Payout Rati Net fooed assets Total asss Cumberland Industriak Income Statemant Thousanda ot dollan Operating ceats exclucing depreciatio Depreciarionumbeand has no aert zation chargss) Liabiliaies and euily Accounts payable Net cash proed by irvestingactivtcs 22,656 ts payahle Financing Actratiea S73,883$59,982 Due to charge in noes payable Tutal curent Fabiitie: ng-term dabt Total iab lrics 15,$123,896 u to charge in commpn stok Payment of common dridends -axes (40%) Net incomc Common stock Net cash proided used by fnanting actritics Rtined canng ctal labihas and aquity Check for balencing (this should be zero) Tuial cn equi.y Common c danda dd: Cash balancs r. the beginning of the year Casn blance the end on the year Adcition to retained caming equal the cash on baance shect a hawn here: 91.450 716/2015 Chapter: a. Cumberland Industries mo recent sales were 455,000,000: opcrating costs (excluding deprecistion) h. Cumharland Industrias partial balanca sheets ara shon balow. Cumberland issed 510,000,000 unew co sluck in Uhe musl recent year, Using this information ad the results from part a, fill in the missing valucs for common stock, rctained carnings, total common equity, and toral liabilities and aquiry .CConstruct the statamant ot cash tlows tor the masr recant yaar ussets: interest expe"5 were $8,550,000, Ih btule.plusfederal copurute Lax 'tAt, wU3 40% und Cumberland paid 25% of its nct income out in dividends. Given this information, construct Cumberland's incon stat mant. Alan caliilaitoral dividends and th addition to retainad AAning. Statcment of Cash Flows ueur w"rmur, stock issued (in thousands udu $10,000 and the balancc cheet abovs, we conctructsd the income statemem shown balow. Net Incorc Cumberiand Industrics Deccmber 31 Balancc Shects dustments: Key Input Dta or Cumberland Industies thousands o dellars) Thousands uf dollurs) Seles Revenue Due to changes in werking capital 91450 ST4,65 367,000 Nt xed a52cst Der 88 8 % of nel fixed 888818 Shcrt tem inetmart: Accounts Recevable u to charge in irwentorie Dusto chage in acounts payabe Dus to charge in 10450 24.902 24,770210,234 3,550 intesl expense Diodend Payout Rati Net fooed assets Total asss Cumberland Industriak Income Statemant Thousanda ot dollan Operating ceats exclucing depreciatio Depreciarionumbeand has no aert zation chargss) Liabiliaies and euily Accounts payable Net cash proed by irvestingactivtcs 22,656 ts payahle Financing Actratiea S73,883$59,982 Due to charge in noes payable Tutal curent Fabiitie: ng-term dabt Total iab lrics 15,$123,896 u to charge in commpn stok Payment of common dridends -axes (40%) Net incomc Common stock Net cash proided used by fnanting actritics Rtined canng ctal labihas and aquity Check for balencing (this should be zero) Tuial cn equi.y Common c danda dd: Cash balancs r. the beginning of the year Casn blance the end on the year Adcition to retained caming equal the cash on baance shect a hawn here: 91.450
