Question
Here are the incomplete 2017 and 208 SFPs for Nobel Corp. (20 pts) Nobel Corp. Statement of Financial Position, as of End of Year Assets
Here are the incomplete 2017 and 208 SFPs for Nobel Corp. (20 pts)
Nobel Corp. Statement of Financial Position, as of End of Year | ||
Assets | 2018 | 2017 |
Current Assets | $420 | $310 |
PP&E | 1,420 | 1,200 |
Liabilities and Shareholders Equity | ||
Trade payables | $240 | $210 |
Long-term debt | 920 | 830 |
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A) What was shareholder equity at the end of 2017 and 2018?
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B) If Nobel paid dividends of $100 in 2018, what must have been 2018 net income? Assume no
shares were issued or repurchased and no other comprehensive income.
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C) If Nobel purchased $300 in equipment during 2018, what must have been the depreciation
expense on the income statement? No impairment charge were made.
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D) What was the change in net working capital between 2017 and 2018?
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E) If Nobel issued $200 of new long-term debt in 2018, how much debt must have been paid
off during the year?
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F) What were the 2018 cash flow from operations and cash flow from assets?
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