Question
Fill in for the Statement of Cash Flows for 2009 by using the following Balance sheet & Income statement. Balance sheet 2009 2008 Income Statement
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Fill in for the Statement of Cash Flows for 2009 by using the following Balance sheet & Income statement.
Balance sheet | 2009 | 2008 | Income Statement | 2009 | 2008 | |
Cash and Equivalents,$ | 2000 | 5700 | Sales | 60000 | 62000 | |
Accounts Receivable,$ | 2000 | 1200 | Cost of Goods Sold | 45000 | 40000 | |
Inventory,$ | 6000 | 5200 | Gross Profit | 15000 | 22000 | |
Total Current Assets | 10000 | 12100 | Selling and G&A Expenses | 3000 | 4000 | |
Plant & Equipment | 5000 | 4900 | Fixed Expenses | 1000 | 1000 | |
Net Fixed Assets | 5000 | 4900 | EBIT | 11000 | 17000 | |
Total Assets | 15000 | 17000 | Interest Expense | |||
Liabilities and Owner's Equity | Earnings Before Taxes | 11000 | 17000 | |||
Short-term Notes Payable | 5200 | 5600 | Net Income | 9350 | 14450 | |
Other Current Liabilities | 1000 | 1300 | ||||
Total Current Liabilities | 6200 | 6900 | Notes | |||
Total Liabilities | 6200 | 6900 | Tax Rate | 0.15 | 0.15 | |
Common Stock | 8800 | 10100 | ||||
Total Liabilities and Owner's Equity | 15000 | 17000 |
Statement of Cash Flows | |
For the Year Ended Dec. 31, 2009 | |
Change in Accounts Receivable, $ | |
Change in Inventories, $ | |
Change in Other Current Liabilities, $ | |
Change in Plant & Equipment, $ | |
Change in Short-Term Notes Payable, $ |
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