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Comparative financial statement data for Carmono Company follow. Assets Cash and cash equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment Less
Comparative financial statement data for Carmono Company follow. Assets Cash and cash equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity For this year, the company reported net income as follows: Sales Cost of goods sold Gross margin Selling and administrative expenses. Net income This Year Last Year $ 8.50 $ 16.00 47.00 54.00 97.50 160.00 237.00 47.20 189.80 $ 349.80 $ 58.50 126.00 165.30 84.40 147.401 198.00 35.40 162.60 $310.00 $ 48.00 97.00 165.00 $ 349.80 $ 310.00 $ 950.00 570.00 380.00 360.00 $ 20.00 This year Carmono paid a cash dividend but it did not sell any property, plant, and equipment or repurchase any of its own stock. Required: 1. Using the indirect method, prepare a statement of cash flows for this year. 2. Compute Carmono's free cash flow for this year. Complete this question by entering your answers in the tabs below. Required 1 Required 21 < Prev 4 of 9 Next > ok nt Required 1 Required 2 Using the indirect method, prepare a statement of cash flows for this year. Note: List any deduction in cash and cash outflows as negative amounts. Round your intermediate calculations and final answers to 2 decimal places. Carmono Company Statement of Cash Flows For This Year Ended December 31 Operating activities: ences Investing activities: Financing activities: Beginning cash and cash equivalents Ending cash and cash equivalents Saved 109.00 $ 349.80 $ 58.50 126.00 165.30 $ 310.00 $ 48.00 97.00 165.00 $ 349.80 $310.00 Homework 1 net property, piant, and equipment Total assets Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity For this year, the company reported net income as follows: Sales Cost of goods sold $ 950.00 570.00 380.00 Gross margin Selling and administrative expenses K Net income . ences 360.00 $ 20.00 This year Carmono paid a cash dividend but it did not sell any property, plant, and equipment or repurchase any of its own stock. Required: 1. Using the indirect method, prepare a statement of cash flows for this year. 2. Compute Carmono's free cash flow for this year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute Carmono's free cash flow for this year. Note: Negative amount should be indicated by a minus sign. Round your intermediate calculations and final answer to 2 decimal places. Free cash flow
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