Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Compute statement of cash flows using indirect method Exercice 4 Selected comparative financial statement data for ABC inc Balance Sheet (En milliers de dollars) 2018

image text in transcribed
image text in transcribed
Compute statement of cash flows using indirect method Exercice 4 Selected comparative financial statement data for ABC inc Balance Sheet (En milliers de dollars) 2018 2017 Assets Assets CT -Cash - Accounts Receivable -inventories - Prepaid insurance Total Assets CT Assets LT - Building -Land 7621 69 907 123 413 566 9 842 75 982 119 233 963 136 324 15 307 130 324 11 438 Total Assets LT Total de Assets 151 631 353 138 141 762 347 782 Laibilities 4921 55 619 2872 11614 3 271 61 855 3906 13 812 Laibilities CT - La CT - Accounts Payable Taxes payable - Notes Payable Total de laibilities CT Laibilities LT Loan LT Owner's Equity -Capital -Retained earnings 94 355 63 956 50 000 133 757 50 000 150 982 Total laibilities and Owners Equity 353 138 347782 Statement of Net income 2018 2017 Sales revenue 540 661 724 325 Cost of Sales 399 366 450 362 Total laibilities and Owners Equity 353 138 347 782 Statement of Net Income 2018 2017 Sales revenue 540 661 724 325 Cost of Sales 399 356 450 362 Gross profit Selling, general, and administ 85 467 95 123 Profit before income tax Income tax 33789 Profit 1. Calculete the ratios. Explain? 1. Current Ratio 2- Bebt to total Assets 3-Gross profit Margin 4-Profit Margin 5-Earnings per Star (Number of common shares : 15000

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

Project Financing Asset-Based Financial Engineering

Authors: John D Finnerty

3rd Edition

1118421841, 9781118421840

More Books

Students also viewed these Finance questions

Question

What is the purpose of the staffing practice called Two-in-aBox?

Answered: 1 week ago

Question

What would you do?

Answered: 1 week ago