ACME Exercise Equipment Limited ACME Exercise Equipment Limited

Balance sheets as of March $312024$ and April $302024($in $$1,000$s CDN$)$ April Income Statement $($in $$1,000$s CDN$)$

March April Net sales $$4,260$

Cash $$1,225$ $$1,028$ Cost of goods sold $$2,700$

Accounts rec. $$987$ $$1,089$ Depreciation $$600$

Inventory $$1,860$ $$1,876$ EBIT $$960$

Current assets $$4,072$ $$3,993$ Interest paid $$456$

Net fixed assets $$2,800$ $$2,782$ Taxable income $$504$

Total assets $$6,872$ $$6,775$ Taxes $$101$

Net income $$403$

March April

Accounts payable $$1,023$ $$1,019$

Notes payable $$187$ $$223$

Current liabilities $$1,092$ $$1,002$

Long$-$term debt $$1,950$ $$2,811$

Owner equity $$3,830$ $$2,962$

Total L&E $$6,872$ $$6,775$

$$0$ $$0$

$2.$ Use the balance sheet and income statement above to complete the following. Parts A $-$ H refer to April month$-$end.

A$.$ What is the change in net working capital?

B$.$ What is the net capital spending?

C$.$ What is the OCF?

D$.$ What is the cash flow from assets?

E$.$ What is the ending net working capital?

F$.$ What is the net new equity?

G$.$ What is the cash flow to stockholders? $*$A dividend of $$403\mathrm{.}20$ was paid.

H$.$ What is the cash flow to creditors?

I. Prove that the cash flow equation is in balance