Financial statements, taxes, and cash flow GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2019 Cash Accounts receivable Inventory Current assets Net fixed assets $ 19,003 28,025 30,222 $ 77,250 $539,679 Accounts payable Notes payable Current liabilities Long-term debt Owners' equity Total liabilities and owners' equity $ 13,962 21,872 $ 35,834 $201,900 $379,195 Total assets $616,929 $616,929 CHALLENGE (Question 23) LO 4 23. Net Fixed Assets and Depreciation on the balance sheet, the net fixed assets (NFA) account is equal to the gross fixed assets (FA) account (which records the acquisition cost of fixed assets) minus the accumulated depreciation (AD) account (which records the total depreciation taken by the firm against its fixed assets). Using the fact that NFA = FA - AD, show that the expression given in the chapter for net capital spending, NFA.nd - NFA +D (where D is the depreciation expense during the year), is equivalent to FAnd - FA 2.1 Change in Net woning va at www.alcoa.com. Find the most WHAT recent annual report and fer the past two years THE W balance sheets to calculate laste net working capital. How do you erpret this lumber 2.2 Book Values versus Market Values The home page for The Coca-Cola komay can be found at www.coca-cola.com. Locate the most recent annual renen ich contains a balance sheet for the company. What is the book value ofequity for Coca-Cola? The merket value of a commands the number of shares of stock outstanding times the price per share. This information can be foundation ODICUL sms me cher SMOOT for Coca-Cola (KO). What is the market value of equity? Which number is more relevant for shareholders? 2.3 Net Working capitaleDuke Energy is one of the world's largest energy companies. Go to the ompany'sheme page www.duke energy.com, follow the link to the investors' age, and locate the annual reports. What was Duke Energy's mer work capital forthe most recent year? Does this number seem low to you given Duke's current liabilitidsl Daes this indicate that Duke Energy may be experiencing financial problems? Why or why not? 2.4 Cash Flows to Steakholders and Creditors Cooper Tire & Rubber Company provides financial information for investors on its website at www.coopertire.com. Follow the "Investors" link and find the most recent annual report. Using the Financial statements, taxes, and cash flow GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2019 Cash Accounts receivable Inventory Current assets Net fixed assets $ 19,003 28,025 30,222 $ 77,250 $539,679 Accounts payable Notes payable Current liabilities Long-term debt Owners' equity Total liabilities and owners' equity $ 13,962 21,872 $ 35,834 $201,900 $379,195 Total assets $616,929 $616,929 CHALLENGE (Question 23) LO 4 23. Net Fixed Assets and Depreciation on the balance sheet, the net fixed assets (NFA) account is equal to the gross fixed assets (FA) account (which records the acquisition cost of fixed assets) minus the accumulated depreciation (AD) account (which records the total depreciation taken by the firm against its fixed assets). Using the fact that NFA = FA - AD, show that the expression given in the chapter for net capital spending, NFA.nd - NFA +D (where D is the depreciation expense during the year), is equivalent to FAnd - FA 2.1 Change in Net woning va at www.alcoa.com. Find the most WHAT recent annual report and fer the past two years THE W balance sheets to calculate laste net working capital. How do you erpret this lumber 2.2 Book Values versus Market Values The home page for The Coca-Cola komay can be found at www.coca-cola.com. Locate the most recent annual renen ich contains a balance sheet for the company. What is the book value ofequity for Coca-Cola? The merket value of a commands the number of shares of stock outstanding times the price per share. This information can be foundation ODICUL sms me cher SMOOT for Coca-Cola (KO). What is the market value of equity? Which number is more relevant for shareholders? 2.3 Net Working capitaleDuke Energy is one of the world's largest energy companies. Go to the ompany'sheme page www.duke energy.com, follow the link to the investors' age, and locate the annual reports. What was Duke Energy's mer work capital forthe most recent year? Does this number seem low to you given Duke's current liabilitidsl Daes this indicate that Duke Energy may be experiencing financial problems? Why or why not? 2.4 Cash Flows to Steakholders and Creditors Cooper Tire & Rubber Company provides financial information for investors on its website at www.coopertire.com. Follow the "Investors" link and find the most recent annual report. Using the
