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Create a statement of cash flow for the current year using Wright Co's income statement and balance sheet. (Do not round intermediate calculations. Round your
Create a statement of cash flow for the current year using Wright Co's income statement and balance sheet.(Do not round intermediate calculations. Round your answer to 2 decimal places.)
Income Statement: | Current Year |
Revenue | 5,262.00 |
Cost of Goods Sold | 2,420.52 |
Gross Margin | 2,841.48 |
SG&A | 526.00 |
EBITDA | 2,315.48 |
Depreciation Expense | 522.00 |
EBIT | 1,793.48 |
Interest Expense | 163.40 |
EBT | 1,630 |
Taxes | 570.53 |
Net Income | 1,059.55 |
Dividends | 410 |
Addition to Retained Earnings | 649.55 |
Balance Sheet:
Assets | Prior Year | Current Year |
Cash | 800 | ???? |
Accounts Receivables | 400 | 409.00 |
Inventory | 300 | 350.00 |
Total Current Assets | 1,500 | ???? |
Net Fixed Assets | 5,000 | 5,342.00 |
Total Asset | 6,500 | ???? |
Liabilities and Equity | Prior Year | Current Year |
Accounts Payable | 300 | 350.00 |
Notes Payable | 1,000 | 834.00 |
Total Current Liabilities | 1,300 | 1,184.00 |
Long-Term Debt | 2,000 | 2,434.00 |
Total Liabilities | 3,300 | ???? |
Common Stock and Paid-in Capital | 2,200 | 2,200 |
Retained Earnings | 1,000 | 1,649.55 |
Total Equity | 3,200 | ???? |
Total Liabilities & Equity | 6,500 | ???? |
Use SinCo's Income Statement and Balance Sheet to create a Statement of Cash Flows for the current year.
What is Wright's Change in Working Capital | |
What is Wright's Cash Flow from Operations | |
What is Wright's Cash Flow from Investments | |
What is Wright's Provide by Financing Actives | |
What is Wright's Net change in cash | |
What is Wright's Ending Cash Balance |
Does the 2014 Cash Balance from the Balance Sheet equal the Ending Cash Balance from the Statement of Cash Flows? (Click to select) True False
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