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can someone please throughly explain how to make a cash flow statement from this information. im incredibly confused PRESTIGE WORDS Putting in the hours to
can someone please throughly explain how to make a cash flow statement from this information. im incredibly confused
PRESTIGE WORDS "Putting in the hours to study the science of what you need Prestige Worldwide Corporation Income Statement 20X2 (in Millions of dollars) $650 425 225 170 55 Sales. Cost of goods sold Gross margin Selling and administrative expenses. Net operating income Nonoperating items: Gain on sale of investments Gain on sale of equipment Income before taxes Income taxes. Net Income.. 1 8 64 (15) $49 Additional Information: The gain on sale of equipment consisted of the sale of equipment that had originally cost $25 million. The equipment was sold for cash. The equipment had accumulated depreciation of $6 million. They also said investments that originally cost $12 million for cash investmento Additional information: It did not retire any bonds or repurchase any of its own common stock during the year. 12 1 2. Investments Cain on sale Cash E PRESTIGE S WORLDWIDE "The First Word in Entertainment" Prestige Worldwide Corporation Comparative Balance Sheets (in millions of dollars) 20X2 2OXI Change 43 $ 60 $ 17 9 11 18 7 12 19 2. 1 1 Cash Current Assets: Accounts receivable Inventory Prepaid Insurance Non-Current Assets: Long-term investments Property, plant and equipment Less accumulated depreciation Property, plant and equipment, net Total assets 3 58 (33) 25 $126 5 47 018) 29 $89 2 11 15 4 $ 31 7 8 $ 37 6 10 Llabilities & Stockholders' Equity Current Liabilities: Accounts payable Accrued liabilities Income taxes payable Non-Current Liabilities: Bonds payable Stockholders' equity: Common stock Retained earnings Total liabilities and equity ON INSI 17 15 | 12 51 $126 12 9 $89 37 Step by Step Solution
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