Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cash Flows at Warf Computers, Inc. was nate by Nick and his friends, Over the yars, this same croup las supplied the lintied addional invectnent

Cash Flows at Warf Computers, Inc. was nate by Nick and his friends, Over the yars, this same croup las supplied the lintied addional invectnent needed by the conpany in the form of buth equity and thort and lung ierm dehL. Fevently the compery has developed a sirtual keybourt (VK). The VK uses technolegi, the sydem is a full generaiken begond what is currenty on the maket. Io iniroduee the VK. the company will require tegnificant outsile investment.
Nick tas made the decision to stek this outsibe finaneing in the ferm of new cquity investments and bank toans. Naturally, new invesers and the bank will require a detailed financial analysis. Your employer, Angus Jones a Partners. I. I.C, has ashed you to evamine the financial satements previded ty Nick. Were are the halance sheets for the two most recent years and the most recent income statement:
WARE COMPUTERS BA.ANCE SIILLIS (in thonsanids)
2021,2022
2021
2022
Current assets
Cash and equivalents
Accounts receivable
Inventories
Other
Total current assets
Fixed assets
Property, plant, and equipment
$4.197,$5.476
Less accumulated depreciation
1,441,1,777
Net property, plant, and equipment
Intangible assets and others
Total fixed assets
$3,962,$4,746
$2,756$$3,699
936,1.047
Common stock
Capital surplus
Accumulated retaincd carnings
Less treasury stock
Total equity
$6,069,$7,254 Total liabilities and shareholders' equity
S 645
+,529
$1,174,$1,014
103,121 longterm libbilites
$2,377$2,505 Deferred laxes
Long-term debt
1,517,1,557
Total long-term tabilities
$1,727,$1,839
Current tiabilities
Accounts payable
Accrued expenses
lotal current tiabilities
$,210,$,282
Longterm debt
olders' equity
Stockholders' equity
Preferred stock
5,25,$,25
166-171
1,027,1,044
2,116,3,414
\table[[166,253
Prepare in Excel a Balance Sheet for 2021 & 2022, and, an Income Statement, Account Statement of Cash Flows, and Financial Cash Flow for 2022.
image text in transcribed

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

More Books

Students also viewed these Finance questions