Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Chuck's Charter Services Chuck's Charter Services Balance sheets as of Dec. 31 2019 and 2020 (in $1,000s CDN) 2020 Income Statement (in $1,000s CDN) 2019

image text in transcribed
image text in transcribed
Chuck's Charter Services Chuck's Charter Services Balance sheets as of Dec. 31 2019 and 2020 (in $1,000s CDN) 2020 Income Statement (in $1,000s CDN) 2019 2020 Net sales $4,292 Cash $1,100 $1,150 Cost of goods sold $3,600 Accounts rec. $927 $964 Depreciation $180 Inventory $2,100 $2,305 EBIT $512 Current assets $4,127 $4,419 Interest paid $256 Net fixed assets $1,500 $1,503 Taxable income $256 Total assets $5,627 $5,922 Taxes $51 Net income $205 2019 2020 Accounts payable $1,011 $1,059 Notes payable $105 $155 Current liabilities $1,116 $1,214 Long-term debt $1,800 $1,886 Retained earnings $1,595 $1,608 Total L&E $5,627 $5,922 . E. What is the ending net working capital for 2020? F. What is the net new equity for 2020? G. What is the cash flow to stockholders for 2020? *A dividend of $106.80 was paid. H. What is the cash flow to creditors for 2020? 1. Prove that the cash flow equation is in balance

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

Earnings Quality

Authors: Andrew P.C.

1st Edition

1521507724, 978-1521507728

More Books

Students also viewed these Finance questions

Question

How important is competition pricing in sport?

Answered: 1 week ago