Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Category Prior Year Current Year Accounts payable 3,192.00 5,904.00 Accounts receivable 6,839.00 9,024.00 Accruals 5,634.00 6,170.00 Additional paid in capital 19,922.00 13,948.00 Cash ??? ???
Category | Prior Year | Current Year |
Accounts payable | 3,192.00 | 5,904.00 |
Accounts receivable | 6,839.00 | 9,024.00 |
Accruals | 5,634.00 | 6,170.00 |
Additional paid in capital | 19,922.00 | 13,948.00 |
Cash | ??? | ??? |
Common Stock | 2,850 | 2,850 |
COGS | 22,475.00 | 18,017.00 |
Current portion long-term debt | 500 | 500 |
Depreciation expense | 983.00 | 962.00 |
Interest expense | 1,252.00 | 1,139.00 |
Inventories | 3,045.00 | 6,683.00 |
Long-term debt | 16,934.00 | 22,468.00 |
Net fixed assets | 75,741.00 | 73,842.00 |
Notes payable | 4,066.00 | 6,519.00 |
Operating expenses (excl. depr.) | 19,950 | 20,000 |
Retained earnings | 35,619.00 | 34,522.00 |
Sales | 46,360 | 45,588.00 |
Taxes | 350 | 920 |
What is the firm's cash flow from financing? (Please show ALL calculations)
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