Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Category Prior Year Current Year Accounts payable 3,135.00 5,968.00 Accounts receivable 6,966.00 9,072.00 Accruals 5,764.00 6,074.00 Additional paid in capital 19,681.00 13,488.00 Cash ??? ???
Category | Prior Year | Current Year |
Accounts payable | 3,135.00 | 5,968.00 |
Accounts receivable | 6,966.00 | 9,072.00 |
Accruals | 5,764.00 | 6,074.00 |
Additional paid in capital | 19,681.00 | 13,488.00 |
Cash | ??? | ??? |
Common Stock | 2,850 | 2,850 |
COGS | 22,967.00 | 18,382.00 |
Current portion long-term debt | 500 | 500 |
Depreciation expense | 968.00 | 1,031.00 |
Interest expense | 1,258.00 | 1,166.00 |
Inventories | 3,048.00 | 6,692.00 |
Long-term debt | 16,712.00 | 22,065.00 |
Net fixed assets | 75,176.00 | 74,064.00 |
Notes payable | 4,088.00 | 6,531.00 |
Operating expenses (excl. depr.) | 19,950 | 20,000 |
Retained earnings | 35,388.00 | 34,596.00 |
Sales | 46,360 | 45,859.00 |
Taxes | 350 | 920 |
What is the firm's total change in cash from the prior year to the current year?
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