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Help me to solve this problem please!!! Processes and answer if possible.!! 1 Mitoku Industrial Co. develops, manufactures, and markets auto parts in Japan. Below
Help me to solve this problem please!!!
Processes and answer if possible.!!
1 Mitoku Industrial Co. develops, manufactures, and markets auto parts in Japan. Below are the balance sheets on March Year 1 and Year 2 and income statement for the year 2 ending march 31, Year2. Assume that no fixed assets are retired 4 5 6 Prepare the Statement of Cash Flows for Year 2 using inirect method. You have to determine the impact of the transaction on cash position using + and-sign. Therefore, +" stands for "Cash Ins" while "-" sign indicates "Cash Outs." 8 11 Income Statement (Yen millions) Year 2 Statement of Cash Flows (Yen million) 13 Year Ended March 31: 14 Sales 15 Cost of goods sold 16 Selling and Admisnstration expenses 17 Interest expense 18 Income tax expense 19 Net income Year 2 44,226 (28,966) (15,283) (368) (357) Net income (loss) Asjustments to NI: Employee retirement benefits 357) 22 Balance Sheet (Yen millions) Year 2 Year 1 Differences 24 ASSETS 25 Cash 26 Accounts and notes receivable-trade 2/ Inventorv 28 Deferred income taxes assets 29 Prepayments 4,513 19,703 8,706 948 640 34,510 5,008 19,457 8,607 824 634 34,530 Accounts and notes payable-trade Cash Flows from Operations (CFO) Total Current Assets 3,204 71,326 (36,854) 1,481 3,312 76,979 Cash Flows from Operations (CFI) 32 Investments 33 Property, plant and equipment, at cost 34 Less accumulated depreciation 35 Deferred income taxes assets 36 Other assets (Investing related) 4,997 71,018 (35,797) 3,463 78,705 Total Assets 39 LIABILITIES AND SHAREHOLDERS' EQUITY 40 Accounts and notes payable-trade 41 Notes payable to banks 42 Current portion of long-term debt 43 Other current liabilities (operating related) Cash Flows from Financing (CFF) 10,851 9,779 10,804 10,023 Net Cash Flows (CFO+CFI+CFF) Cash at Beginning of Year Cash at End of Year 9,779 30,409 7,565 28,392 Total Current Liabilities 46 Long-term debt 47 Deferred income taxes 48 Employee retirement benefits 49 Other noncurrent liabilities (financing related 6,487 8,147 1,087 200 38,183 1,166 216 37,921 Total Liabilities 52 Common stock 10,758 10,758 IS FinStmnts. Completing BS8ISIV. Industry Characteristics V. CFS VI.BS IS VII. Porter VIlI_Comparative CF
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