Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Construct the statement of cash flows for the most recent year. Goliath Inc. Income Statement Sales COGS except excluding depr. and amort. Depreciation and Amortization

Construct the statement of cash flows for the most recent year. image text in transcribedimage text in transcribed

Goliath Inc. Income Statement Sales COGS except excluding depr. and amort. Depreciation and Amortization Other operating expenses 2014 $2,940,000 $2,100,000 $137,620 2013 $2,800,000 $2,086,000 $126,000 6 7 8 9 10 EBIT EBT Net Income $434,000 $402,780 $281400241668 $509,180 40.180 $469,000 Interest Expense Taxes (40%) 161,112 12 13 14 15 16 17 18 19 20 21 Common dividends Addition to retained earnings $126,875 $154,525 $120,834 120,834 Other Data Year-end Stock Price # of shares (Thousands) Lease payment (Thousands of Dollars) Sinking fund payment (Thousands of Dollars) 2014 63 390 28,364 $140,000 $35,000 2013 $67.20 28,000 $140,000 $35,000

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

Auditing And Assurance Services

Authors: David Ricchiute

5th Edition

0538869526, 978-0538869522

More Books

Students also viewed these Accounting questions