Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Check 18 10 points 520 eBook The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and

image text in transcribed
image text in transcribed
Check 18 10 points 520 eBook The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars 2010 2019 Revenue $4,000 94,100 Cost of goods sold 1,600 1.700 Depreciation 500 Inventories 300 350 Administrative expenses 500 550 Interest expense 150 150 Federal and state taxes 400 420 Accounts payable 300 350 Accounts receivable 400 Net fixed assetat 5.000 5,600 Long-term debt 2.000 2.400 Notes payable 1.000 600 Dividends paid 410 Cash and marketable securities 800 300 Pent References 450 410 Taxes are paid in their entirety in the year that the tax obligation is incurred. + Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. Construct a statement of cash flows for Fincorp for 2019. (Enter your answers in thousands of dollars. Negative amounts should be Indicated by a minus sign.) Fincorp Inc. Statement of Cash Flows 18 Fincorp Inc. Statement of Cash Flows (s in 000s) 10 points Cash flows from operations Net income Net loss Noncash expenses cBook Print References Changes in working capital Total change in working capital 0 0 $ Cash flows from investments 0 Cash flows from financing activities

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_2

Step: 3

blur-text-image_3

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

Finance And Sustainability Proceedings From The Finance And Sustainability Conference Wroclaw 2017

Authors: Agnieszka Bem, Karolina Daszy?ska-?ygad?o , Ta?ána Hajdíková, Péter Juhász

1st Edition

3319922270,3319922289

More Books

Students also viewed these Finance questions