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Given the financial statement, calculate the Cash flow identity. Report the results for year 2013 as follows: Operating Cash Flow = ?? Net Capital Spending
Given the financial statement, calculate the Cash flow identity.
Report the results for year 2013 as follows:
Operating Cash Flow = ??
Net Capital Spending = ??
Change in NOWC = ??
Cash Flow from Asset = ??
Cash Flow to Creditors = ??
Cash Flow to Shareholders = ??
1 | Income statement (in $ Thousands) | 2012 | 2013 | ||
2 | |||||
3 | Net sales | 500.00 | 600.00 | ||
4 | Less: cogs | 300.00 | 360.00 | ||
5 | Gross profit | 200.00 | 240.00 | ||
6 | Less: operating exp | 75.00 | 80.00 | ||
7 | Less: Depr | 25.00 | 30.00 | ||
8 | EBIT | 100.00 | 130.00 | ||
9 | Less: Interest | 33.50 | 38.50 | ||
10 | Income before tax | 66.50 | 91.50 | ||
11 | Less: Income taxes | 20.00 | 30.00 | ||
12 | Net income | 46.50 | 61.50 | ||
13 | |||||
14 | Cash dividend | 17.00 | 20.00 | ||
15 | Addition to retained earnings | 29.50 | 41.50 | ||
16 | |||||
17 | |||||
18 | Balance sheet (in $ Thousands) | 2012 | 2013 | ||
19 | |||||
20 | Cash | 39.00 | 16.00 | ||
21 | Account receivable | 50.00 | 80.00 | ||
22 | Inventories | 151.00 | 204.00 | ||
23 | Current asset | 240.00 | 300.00 | ||
24 | Gross fixed asset | 200.00 | 290.00 | ||
25 | less: accumuled depr | 95.00 | 125.00 | ||
26 | Net fixed asset | 105.00 | 165.00 | ||
27 | Total assets | 345.00 | 465.00 | ||
28 | |||||
29 | Account payable | 30.00 | 45.00 | ||
30 | Accrued liabilities | 10.00 | 23.00 | ||
31 | Short-term notes | 20.00 | 27.00 | ||
32 | Total current liabilities | 60.00 | 95.00 | ||
33 | Long-term debt | 15.00 | 20.00 | ||
34 | Total liabilities | 75.00 | 115.00 | ||
35 | Common stock | 85.00 | 123.50 | ||
36 | Retained earnings | 185.00 | 226.50 | ||
37 | Owners' equity | 270.00 | 350.00 | ||
38 | Total liabilities and equity | 345.00 | 465.00 |
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