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Business Course #Return to course Question 1 Incomplete answer Marked out of 50.00 Remove flag Formulating Financial Statements from Raw Data and Calculating Ratios Following
Business Course #Return to course Question 1 Incomplete answer Marked out of 50.00 Remove flag Formulating Financial Statements from Raw Data and Calculating Ratios Following is selected financial information from Five Below for its fiscal year ended February 2, 2019 ($ thousands). Noncash assets end of year $777,573 Stockholders' equity, end of year Cash from investing activities (43.814) Cash from financing activities Cash, end of year 279.440 Total assets, beginning of year Total liabilities, end of year 374,259 Cost of goods sold (CDGS) Revenue 1,731.115 Cash beginning of year Stockholders' equity, beginning of year 508.999 Total expenses, other than COGS and income tax Cash from operating activities 204.388 Income tax expense Required a. Prepare the income statement for the year ended February 2, 2019. Note: Do not use negative signs with any of your answers. Five Below Income Statement (S thousands) For the year ended February 2, 2019 05 O 0 0 0 0 0 + 6 5 b. Prepare the balance sheet as of February 2, 2019, Five Below Balance Sheet (5 thousands) 65 February 2, 2019 05 O $682.754 (6,156) 772.236 1,103,871 125.062 414,339 46.800 Prepare the statement of cash flows for the year ended February 2019 Note: Use a negative sign with your answer to indicate cash was used by actreses and/or a decrease in cash Five Below Statement of Cash Flow (S thousands) For the year ended February 2, 2019 Cash from investing act Cash from financing actives
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