Answered step by step
Verified Expert Solution
Question
1 Approved Answer
At the close of 2017. the financial statements of CLEO Corp. were as follows. All figures in the financial statements are in thousands (S000) CLEO
At the close of 2017. the financial statements of CLEO Corp. were as follows. All figures in the financial statements are in thousands (S000) CLEO Corp Balance Sheet For the year ended 12/31/2017 12/31/2016 12/31/2017 ASSETS Cash $ 500 $ 200 CLEO Corp Income Statement For the year ending 12/31/2017 Accounts Receivable Inventory CURRENT ASSETS 6.250 5.180 $11.930 7.300 6.470 $13.970 Sales COGS Gross Margin $22.560 506 $11.054 Fixed Assets Expense $5.332 Gross Accum. Deprec Net $7.500 (2.400) $5.100 $9.000 (3.100 $5.900 Depreciation EBIT Interest EBT Tax Net Income 700 $5.022 1180 $3.842 TOTAL ASSETS $17.030 $19.870 $2.305 LIABILITIES Accounts Pavable Accruals CURRENT LIABILITIES Long-term Debt Equity TOTAL CAPITAL TOTAL LIABILITIES AND EQUITY $2.210 $1.860 850 $2.710 $11.320 3.000 $14.320 $2.430 $12.335 5.105 $17.440 $17.030 $19.870 In addition, CLEO Corp. paid dividends of S1.2M and sold new stock valued at $1.0M during 2017 Required: Prepare the SCF. (Show all your work!)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started