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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 | 4,337.00 |
Cost of Goods Sold | 2,168.50 |
Gross Margin | 2,168.50 |
SG&A | 539.00 |
EBITDA | 1,629.50 |
Depreciation Expense | 502.00 |
EBIT | 1,127.50 |
Interest Expense | 165.30 |
EBT | 962 |
Taxes | 336.77 |
Net Income | 625.43 |
Dividends | 410 |
Addition to Retained Earnings | 215.43 |
Balance Sheet:
Assets | Prior Year | Current Year |
Cash | 800 | ???? |
Accounts Receivables | 400 | 424.00 |
Inventory | 300 | 330.00 |
Total Current Assets | 1,500 | ???? |
Net Fixed Assets | 5,000 | 4,911.00 |
Total Asset | 6,500 | ???? |
Liabilities and Equity | Prior Year | Current Year |
Accounts Payable | 300 | 358.00 |
Notes Payable | 1,000 | 1,058.00 |
Total Current Liabilities | 1,300 | 1,416.00 |
Long-Term Debt | 2,000 | 2,248.00 |
Total Liabilities | 3,300 | ???? |
Common Stock and Paid-in Capital | 2,200 | 2,200 |
Retained Earnings | 1,000 | 1,215.43 |
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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