Question
Dole Cole Companys balance sheet is as follows: Dole Cole Company Balance Sheet December 31 Assets 2019 2018 RM RM Cash 15,000 16,000 Marketable securities
Dole Cole Companys balance sheet is as follows: Dole Cole Company Balance Sheet December 31 Assets 2019 2018 RM RM Cash 15,000 16,000 Marketable securities 7,200 8,000 Accounts receivable 34,100 42,200 Inventories 82,000 50,000 Total current assets 138,300 116,200 Land and buildings 150,000 150,000 Machinery and equipment 200,000 190,000 Furniture and fixtures 54,000 50,000 other 11,000 10,000 Total gross fixed assets 415,000 400,000 Less: Accumulated depreciation 145,000 115,000 Net fixed assets 270,000 285,000 Total assets 408,300 401,200 Liabilities and Stockholders' Equity Account payable 57,000 49,000 Notes payable 13,000 16,000 Accruals 5,000 6,000 Total current liabilities 75,000 71,000 Long Term Debt 150,000 160,000 Stockholders' equity ? 170,200 Total liabilities and stockholders' equity 408,300 401,200 Other information: 2019 RM Sales 600,000 Depreciation 30,000 Cost of goods sold 460,000 General and administrative expenses 30,000 Interest expense 10,000 Note: Assume the tax rate for this company is at 25%.
Stockholders' equity 2019: __________
Common Stock 2018: __________
Retained earnings 2019: __________
Dividends paid 2019: __________
Calculate the cash flow to stockholders and creditors for the year ending December 31, 2019
Gross profit: __________
Earning before interest and taxes (EBIT): __________
Earning before taxes (Taxable income): __________
Taxes: __________
Net Income: __________
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