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After going through some of Chris' old bank statements, sales receipts, tax returns and other records, the following information has been assembled. OKS Pte Ltd
After going through some of Chris' old bank statements, sales receipts, tax returns and other records, the following information has been assembled. OKS Pte Ltd currently pays out 50% of net income as dividends to Chris and has a 20% tax rate. 2018 2019 Cash 28,167 24,164 Accounts payable 7,020 10,300 Cost of goods sold 214,000 253,900 Salaries 109,000 144,000 Depreciation 35,981 40,280 Interest expense 6,256 6,430 General, selling and administrative 52,143 66,450 Rent expense 60,000 76,000 Net fixed assets 250,000 430,029 Sales 857,930 985,000 Accounts receivable 28,870 65,000 Long-term debt 125,000 128,700 Inventory 43,000 47,000 New equity 50,000 Table 1: Assembled financial information from OKS Pte Ltd Compute the missing items in the following statement of cash flows. Cash flow Statement for year ended 31 December 2019 Net income Depreciation Changes in AR Changes in inventory Changes in AP Cash from Operating Activities, CFO Capital Expenditure Cash from Investing Activities, CFI Changes in LT Debt Dividends paid New equity Cash from Financing Activities, CFF Net change in cash Beginning cash Ending cash Table 2: Cash Flow Statement (12 marks) Hence, compute the cash flow to assets, cash flow to creditors and cash flow to stockholders for the year 2019. (18 marks)
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