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Bigquiz Corporation (in millions) ($ millions) 2018 2019 sales 550 cost of goods sold 400 depreciation 100 interest rate 10.0% payout 40.0% tax rate 30.0%
Bigquiz Corporation | ||||
(in millions) ($ millions) | ||||
|
| 2018 | 2019 |
|
sales |
|
| 550 |
|
cost of goods sold |
|
| 400 |
|
depreciation |
|
| 100 |
|
interest rate |
|
| 10.0% |
|
payout |
|
| 40.0% |
|
tax rate |
|
| 30.0% |
|
account receivable |
| 26 | 30 |
|
cash |
| 20 |
|
|
inventory |
| 28 | 32 |
|
net fixed asset |
| 300 | 345 |
|
account payable |
| 20 | 25 |
|
note payable |
| 10 | 10 |
|
long-term debt |
| 100 | 120 |
|
common stock |
| 60 | 60 |
|
retained earning |
| 184 |
|
|
shares outstanding |
|
| 10 |
|
- Based on the information, prepare the companys balance sheet, income statement and verify that cash flow from asset equal to cash flow to creditors plus cash flow to shareholders.
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