Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Below are selected financial data on EFG Industries Inc. Assume that other non-cash items are zero. Based on these data, what is the cash from
Below are selected financial data on EFG Industries Inc. Assume that other non-cash items are zero. Based on these data, what is the cash from operating activities for 2018 for EFG? Select the best one. Income Statement for 2018 in S-billions) Revenues $300.00 Cost of Goods Solid $140.00 Gross Profit $160.00 Selling. General, and Administrative Expenses Research and Development Depreciation & Amortation Operating Income $15.00 $10.00) 1555.00 $80.00 Other income EBIT $3.00 $83.00 Interest Expense Pretax income 157.50 $75.50 Income Tax Net Income $18.88 $56.63 Balance Sheet in S-billions) Assets 2018 2017 Liabilities Cash & Short-Term Investments $30.00 $30,00 Accounts Payable Accounts Receivable $38.00 $36.00 Short Term Debt Inventory $15.00 $12.00 Current Maturities of Long-Term Debt Other Current Assets $4.00 $3.80 Other Current Liabilities Total Current Assets $87.00 $81.80 Total Current Liabilities Property. Plant & Equipment $120.00 $114.00 Long Term Debt Less Accumulated Depreciation 540.00 $38.00 Capital Lease Obligations Net Property. Plant & Equipment $80.00 $76.00 Total Debt 2018 2017 $20.00 $22.00 $10.00 $9.50 $15.00 $14.25 $15.00 $14.25 $60.00 $60.00 $80.00 $76.00 50.00 50.00 $80.00 $76.00 Goodwill & Intangible Assets Other Long Term Assets $5.00 54.78 Deferred Taxes ($12.00) ($11.401 $17.00 $16.95 Other Long-Term Liabilities $22.00 $20.90 Total Liabilities $150.00 $145.50 Shareholders' Equity $39.00 $33.20 $189.00 $178.70 Total Liabilities and Shareholders' Equity $189.00 $178.70 Total Assets O $114,63 bilion OIL 378.63 bilion Il-5.38 billion ON $104.63 billion
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