Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Create a statement of cash flow for the current year using Wright Co's income statement and balance sheet. Gross Margin 12.822.78 SBITDA 11.728.78 Create statement
Create a statement of cash flow for the current year using Wright Co's income statement and balance sheet.
Gross Margin 12.822.78 SBITDA 11.728.78 Create 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 5,326.00 Cost of Goods Sold 12,503.22 SGRA SG&A 561.00 561.00 Depreciation Expense 532.00 1933.00 EBIT Interest Expense 175 95 175.95 FBT Taxes 543.49 Net Income 1,009.34 Dividends 410 Addition to Retained Earnings 599.34 2.261.78 1.553 Balance Sheet: Assets Cash Accounts Receivables Inventory Total Current Assets Net Fixed Assets Total Asset Current Year ???? 415.00 Prior Year 800 400 300 1,500 5,000 6,500 351.00 2222 5,013.00 ???? 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 Total Common Stock and Paid-in 2.200 Capital Retained Earnings 1,000 Total Equity 3,300 Total Liabilities & Equity 6,500 Current Year 313.00 1855.00 1,168.00 12,664.00 2222 2,200 1,599.34 ???? ???? Use Sin Co'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? Gross Margin 12.822.78 SBITDA 11.728.78 Create 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 5,326.00 Cost of Goods Sold 12,503.22 SGRA SG&A 561.00 561.00 Depreciation Expense 532.00 1933.00 EBIT Interest Expense 175 95 175.95 FBT Taxes 543.49 Net Income 1,009.34 Dividends 410 Addition to Retained Earnings 599.34 2.261.78 1.553 Balance Sheet: Assets Cash Accounts Receivables Inventory Total Current Assets Net Fixed Assets Total Asset Current Year ???? 415.00 Prior Year 800 400 300 1,500 5,000 6,500 351.00 2222 5,013.00 ???? 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 Total Common Stock and Paid-in 2.200 Capital Retained Earnings 1,000 Total Equity 3,300 Total Liabilities & Equity 6,500 Current Year 313.00 1855.00 1,168.00 12,664.00 2222 2,200 1,599.34 ???? ???? Use Sin Co'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 FlowsStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started