Question
Given the following Year 12 Financial Statement data for a footwear company: Income Statement Data Year 12 (in 000s) Net Revenues from Footwear Sales $
Given the following Year 12 Financial Statement data for a footwear company:
Income Statement Data
Year 12 (in 000s)
Net Revenues from Footwear Sales $ 350,000
Operating Profit (Loss) 100,000
Net Profit (Loss) $ 63,000
Cash on Hand 10,000
Total Current Assets $ 70,000
Total Assets 313,000
Overdraft Loan Payable 5,000
1-Year Bank Loan Payable 10,000
Current Portion of Long-term Loans 17,000
Total Current Liabilities 48,000
Long-Term Bank Loans Outstanding 90,000
YEAR 11
Common Stock 10,000
Additional Capital 123,000
Retained Earnings 29,000
Total Shareholder Equity 162,000
YEAR 12 Change
Common Stock 0
Additional Capital 0
Retained Earnings 13000
Total Shareholder Equity +13000
YEAR 12 Balance
Common Stock 10,000
Additional Capital 123,000
Retained Earnings 42000
Total Shareholder Equity 175000
Based on the above figures the company's "free cash flow in Year 12 was
$63,000.
($3,350)
$59,650.
74650
Reference: BSG Quiz 2 Sample
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Managerial Accounting For Dummies
Authors: Mark P Holtzman, Karen Schoenebeck
1st Edition
1118116429, 978-1118116425
