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

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 4,322.00
Cost of Goods Sold 1,901.68
Gross Margin 2,420.32
SG&A 543.00
EBITDA 1,877.32
Depreciation Expense 508.00
EBIT 1,369.32
Interest Expense 162.85
EBT 1,206
Taxes 422.26
Net Income 784.21
Dividends 410
Addition to Retained Earnings 374.21
Balance Sheet:
Assets Prior Year Current Year
Cash 800????
Accounts Receivables 400443.00
Inventory 300324.00
Total Current Assets 1,500????
Net Fixed Assets 5,0005,299.00
Total Asset 6,500????
Liabilities and Equity Prior Year Current Year
Accounts Payable 300317.00
Notes Payable 1,000747.00
Total Current Liabilities 1,3001,064.00
Long-Term Debt 2,0002,510.00
Total Liabilities 3,300????
Common Stock and Paid-in Capital 2,2002,200
Retained Earnings 1,0001,374.21
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)Create a statement of cash flow for the current year using Wright Co's income statement and balance sheet. (Do not round
Intermedlate colculatlons. Round your answer to 2 declmol places.)
Balance Sheet:
Use SinCo's Income Statement and Balance Sheet to create a Statement of Cash Flows for the current year.
Does the 2014 Cash Balance from the Balance Sheet equal the Ending Cash Balance from the Statement of Cash Flows?
Click to select)v
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Fundamental Accounting Principles Volume II

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

16th Canadian edition

978-1260305838

Students also viewed these Finance questions