Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Barry's Services Balance sheets as of Dec. 31 2019 and 2020 (in $1,000s CDN) 2019 2020 Cash $1,100 $1,150 Accounts rec. $927 $964 Inventory $2,100

image text in transcribed
Barry's Services Balance sheets as of Dec. 31 2019 and 2020 (in $1,000s CDN) 2019 2020 Cash $1,100 $1,150 Accounts rec. $927 $964 Inventory $2,100 $2,305 Current assets $4,127' $4,419 Net fixed assets $1,500 $1,503 Total assets $5,627 $5,922 Barry's Services 2020 Income Statement (in $1,000s CDN) Net sales $4,292 Cost of goods sold $3,600 Depreciation $180 EBIT $512 Interest paid S256 Taxable income $256 Taxes $51 Net income $205 Accounts payable Notes payable Current liabilities Long-term debt Retained earnings Total L&E 2019 $1,011 $105 $1,116 $1,800 $1,595 $5,627 2020 $1,059 $155 $1,214 $1,886 $1,608 $5,922 2. Use the balance sheet and income statement above, to complete the following: A. What is the change in net working capital for 2020? B. What is the net capital spending for 2020? C. What is the OCF for 2020? D. What is the cash flow from assets for 2020? E. What is the ending networking capital for 2020? F. What is the net new equity for 2020? G. What is the cash flow to stockholders for 2020? *A dividend of $106.80 was paid. What is the cash flow to creditors for 2020? Prove that the cash flow equation is in balance H. 1

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

The Economics Of Money Banking And Financial Markets

Authors: Frederic S. Mishkin

9th Edition

0321598903, 978-0321598905

More Books

Students also viewed these Finance questions

Question

What are the challenges associated with tunneling in urban areas?

Answered: 1 week ago

Question

What are the main differences between rigid and flexible pavements?

Answered: 1 week ago

Question

What is the purpose of a retaining wall, and how is it designed?

Answered: 1 week ago

Question

How do you determine the load-bearing capacity of a soil?

Answered: 1 week ago

Question

what is Edward Lemieux effect / Anomeric effect ?

Answered: 1 week ago