Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed
image text in transcribed
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: Revenue Cost of Goods Sold Gross Margin SG&A EBITDA Depreciation Expense EBIT Interest Expense EBT Taxes Net Income Dividends Addition to Retained Earnings Current Year 5,425.00 2.224.25 3,200.75 570.00 2,630.75 536.00 2,094.75 174.25 1,920 672.17 1.248.33 410 838.33 Balance Sheet: Assets Cash Accounts Receivables Inventory Total Current Assets Net Fixed Assets Total Asset Prior Year Current Year 800 ??? 400 423.00 300 345.00 1,500 ???? 5,000 5,074.00 6,500 ???? Liabilities and Equity Prior Year Accounts Payable 300 Notes Payable 1,000 Total Current Liabilities 1.300 Long-Term Debt 2,000 Total Liabilities 3,300 Common Stock and 2,200 Pald-in Capital Retained Earnings 1,000 Total Equity 3,200 Total Liabilities & 6,500 Equity Current Year 350.00 1.091.00 1,441.00 2,394.00 12??? 2,200 1,838.33 ??? ???? 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)

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_2

Step: 3

blur-text-image_3

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

Valuation, Measuring And Managing The Value Of Companies

Authors: Tim Koller, Marc Goedhart, David Wessels

7th Edition

1119611865, 9781119611868

More Books

Students also viewed these Finance questions