Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Category Prior Year Current Year Accounts payable 3,174.00 5,967.00 Accounts receivable 6,830.00 8,974.00 Accruals 5,762.00 6,138.00 Additional paid in capital 19,913.00 13,353.00 Cash ??? ???

image text in transcribed

Category Prior Year Current Year Accounts payable 3,174.00 5,967.00 Accounts receivable 6,830.00 8,974.00 Accruals 5,762.00 6,138.00 Additional paid in capital 19,913.00 13,353.00 Cash ??? ??? Common Stock 2,850 2,850 COGS 22,600.00 18,850.00 Current portion long-term debt 500 500 Depreciation expense 990.00 953.00 Interest expense 1,258.00 1,153.00 Inventories 3,066.00 6,691.00 Long-term debt 16,971.00 22,964.00 Net fixed assets 75,222.00 74,168.00 Notes payable 4,077.00 6,585.00 Operating expenses (excl. depr.) 19,950 20,000 Retained earnings 35,555.00 34,740.00 Sales 46,360 45,422.00 Taxes 350 920 What is the firm's total change in cash from the prior year to the current year? Submit Answer format: Number: Round to: 0 decimal places

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

Real Estate Finance Theory And Practice

Authors: Terrence M. Clauretie, G. Stacy Sirmans

4th Edition

032414377X, 978-0324143775

More Books

Students also viewed these Finance questions

Question

c. What are the job responsibilities?

Answered: 1 week ago