Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Create a Statement of Cash Flows Create a statement of cash flow for the current year using Wright Co's income statement and balance sheet. (

Create a Statement of Cash Flows
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 5,045.00
Cost of Goods Sold 2,169.35
Gross Margin 2,875.65
SG&A 569.00
EBITDA 2,306.65
Depreciation Expense 499.00
EBIT 1,807.65
Interest Expense 167.10
EBT 1,641
Taxes 574.19
Net Income 1,066.36
Dividends 410
Addition to Retained Earnings 656.36
Balance Sheet:
Assets Prior Year Current Year
Cash 800????
Accounts Receivables 400406.00
Inventory 300324.00
Total Current Assets 1,500????
Net Fixed Assets 5,0005,412.00
Total Asset 6,500????
Liabilities and Equity Prior Year Current Year
Accounts Payable 300305.00
Notes Payable 1,000864.00
Total Current Liabilities 1,3001,169.00
Long-Term Debt 2,0002,478.00
Total Liabilities 3,300????
Common Stock and Paid-in Capital 2,2002,200
Retained Earnings 1,0001,656.36
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
2014 Cash Balance from the Balance Sheet equal the Ending Cash Balance from the Statement of Cash Flows?

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

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

Personal Financial Planning

Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley

12th Edition

1439044473, 978-1439044476

More Books

Students also viewed these Finance questions

Question

=+2. What is the difference between brand voice and tone?

Answered: 1 week ago