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 5,347.00
Cost of Goods Sold 2,245.74
Gross Margin 3,101.26
SG&A 549.00
EBITDA 2,552.26
Depreciation Expense 524.00
EBIT 2,028.26
Interest Expense 173.45
EBT 1,855
Taxes 649.18
Net Income 1,205.63
Dividends 410
Addition to Retained Earnings 795.63
Balance Sheet:
Assets Prior Year Current Year
Cash 800????
Accounts Receivables 400418.00
Inventory 300358.00
Total Current Assets 1,500????
Net Fixed Assets 5,0005,597.00
Total Asset 6,500????
Liabilities and Equity Prior Year Current Year
Accounts Payable 300335.00
Notes Payable 1,000958.00
Total Current Liabilities 1,3001,293.00
Long-Term Debt 2,0002,511.00
Total Liabilities 3,300????
Common Stock and Paid-in Capital 2,2002,200
Retained Earnings 1,0001,795.63
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)

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

A Fast And Frugal Finance

Authors: William P. Forbes, Aloysius Igboekwu, Shabnam Mousavi

1st Edition

0128124954, 978-0128124956

More Books

Students also viewed these Finance questions

Question

Identify three ways to manage an intergenerational workforce.

Answered: 1 week ago

Question

Prepare a Porters Five Forces analysis.

Answered: 1 week ago

Question

Analyze the impact of mergers and acquisitions on employees.

Answered: 1 week ago