Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

9. Draw a statement of cash flow for Agarthar Inc for the year ended December 31, 2018. Also interpret your results. (15 marks) Agarthar Inc

image text in transcribed

9. Draw a statement of cash flow for Agarthar Inc for the year ended December 31, 2018. Also interpret your results. (15 marks) Agarthar Inc Balance Sheets on 12/31/17 and 12/31/18 Cash Marketable securities Account receivables Inventory Total current asset Net plant and equipment Total asset 2017 $94,500 $6,000 55,000 57,000 $212,500 $110,000 $322,500 2018 $90,000 $6,200 55,600 69,000 $220,800 $120,000 $340,800 change ($4,500) $200 $600 $12,000 $8.300 $10,000 $18,300 Account payable Note payable interest bearing) Total current liabilities Long term debt Preferred stock Common stock equity Total liabilities and equity 185,500 189,000 $3,500 50,000 51,000 $1,000 $235,500 $240,000 $4,500 $30,000 $50,000 $20,000 $20,000 $0 $20,000 $37,000 $50,800 $13,800 $322,500 $340,800 $18,300 Agarthar Inc Income Statement for the year ended 12/31/09 Sales CGS Gross profit Operating expenses Depreciation Operating Income Interest Tax (40%) Net income after tax Dividend to P/S Earning available to C/S number of C/S outstanding EPS home 2009 $200,000 -130,000 $70,000 -30,000 - 10,000 $30,000 -5,000 -2,000 $23,000 0 $23,000 10,000 $2.30

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Accounting Tools For Business Decision Making

Authors: Paul D. Kimmel

3rd Edition

0470377852, 978-0470377857

More Books

Students also viewed these Accounting questions