| Baker College | Undergraduate, ( x () Course Modules: Financial Analy: X Question 2 - M& CONNECT Prob X * Dashboard * + X C https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=08launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmheproducts%252FImsCloseWindow.htm#/activity/question-group/... A" to ... M8 CONNECT Problems Saved Help Save & Exit Submit Check my work mode : This shows what is correct or Incorrect for the work you have completed so far. It does not Indicate completion. +. Return to question 2 The below tables shows Dynamic Mattress's year-end 2016 and 2018 balance sheets, and its income statement for 2017. Dynamic Mattress 5 Year-End Balance Sheet for 2016 points (figures in $ millions) Assets Liabilities and Shareholders' Equity Current Assets: Current Liabilities: Cash 32 Bank loans $ 32 + Marketable securities 16 Accounts payable 105 Accounts receivable 116 Inventory 180 Total current assets $ 344 Total current liabilities $ 137 Fixed assets: Gross investment $ 256 Long-term debt 31 Less depreciation 76 Net worth (equity and retained earnings) 356 Net fixed assets $ 180 Total assets $ 524 Total liabilities and net worth $ 524 Dynamic Mattress Year-End Balance Sheet for 2017 (figures in $ millions) Assets Liabilities and Shareholders' Equity Current Assets: Current Liabilities: Cash $ 92.0 Debt due within a year (bank loans) $ 43.0 Marketable securities 0.0 Accounts payable 146.0 Accounts receivable 136.0 Inventory 219.0 Total current assets $ 447.0 Total current liabilities $ 189.0 Fixed assets: Gross investment 5 357.0 Long-term debt 72.0 Less depreciation 82.5 Net worth (equity and retained earnings) 460.5 Net fixed assets $ 274.5 Total assets $ 721.5 Total liabilities and owners' equity $ 721.5 Dynamic Mattress Income Statement for 2017 (figures in $ millions) Sales $1, 500.0 Operating costs 1, 408.5 91.5 Depreciation 6 .5 EBIT 85.0 Interest 5.0 Pretax income 80.0 Tax at 50% 40.0 Activate Windows Mat income 10.0 Go to Settings to activate Windows. Mc 503 Hill 2:25 PM Type here to search O 76.F Partly sunny ~ 9: ( 8/11/2022 53| Baker College | Undergraduate, ( x |() Course Modules: Financial Analy: X _ Question 2 - M& CONNECT Prob X * Dashboard * + X C https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=08launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmheproducts%252FImsCloseWindow.htm#/activity/question-group/... A" to ... M8 CONNECT Problems Saved Help Save & Exit Submit Check my work mode : This shows what is correct or Incorrect for the work you have completed so far. It does not Indicate completion. +. Return to questlor 2 Dynamic Mattress Income Statement for 2017 ( figures in $ millions) Sales $1, 500.0 5 Operating costs 1, 408.5 points 91.5 Depreciation 6.5 EBIT 35.0 Interest 5.0 + Pretax income 80.0 Tax at 50% 40.0 Net income 40.0 Notes: Dividend = $30 million and reinvested earnings = $10 million. Use the tables above to work out the statement of cash flows for 2017. (Enter your answers in millions of dollars rounded to 1 decimal place.) x Answer is not complete. Dynamic Mattress (figures in $ millions) Sources of cash Sold marketable securities 16.0 Increased bank loans 11.0 Increased accounts payable 41.0 Increased long-term debt 41.0 Net income 40.0 Issue of stock Depreciation 6.5 Total sources S 155.5 Uses of cash: Increased inventories $ 39.0 Increased accounts receivable 20.0 Invested in fixed assets 101.0 Dividend 30.0 Total uses 190.0 Increase in cash balance 35 Activate Windows Go to Settings to activate Windows. Mc Type here to search O 2:25 PM 76.F Partly sunny ~ 9: ( 8/11/2022 53