Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I have submitted this question 3 times and people have responded with the wrong answers all three times, please help me this time! Creste statement

image text in transcribed

I have submitted this question 3 times and people have responded with the wrong answers all three times, please help me this time!

Creste statement of cash flow for the current year using Wright Co's income statement and balance sheet. (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Income Statement: Revenue Cost of Goods Sold Gross Margin SG&A EBITDA Depreciation Expense EBIT Interest Expense EB Taxes Net Income Dividends Addition to Retained Earnings Current Year 14,823.00 12.315.04 12.507.96 532.00 1.975.96 500.00 1.475.96 177.45 1.299 454.48 1844.03 410 434.03 Balance Sheet: Assets Cosh Accounts Receivables Inventory Total Current Assets Net Fixed Assets Total Asset Prior Year Current Year 800 400 431.00 300 348.00 1,500 7277 5.000 15.251.00 16.500 Current Year 330.00 1.041.00 1.371.00 2,508.00 Liabilities and Equity Prior Year Accounts Payable 300 Notes Payable 1.000 Total Current Liabilities 1.300 Long-Term Debt 2,000 Total Liabilities 3.300 Common Stock and 2,200 Paid-in Capital Retained Earnings 1.000 Total Equity 3,200 Total Liabilities & 6.500 Equity 2.200 1.434.03 7227 2222 Use SinCo's Income Statement and Balance Sheet to create a Statement of Cash Flows for the current year. What is Wright's Change in Working Capital What is Wright's Cash Flow from Operations What is Wright's Cash Flow from Investments What is Wright's Provide by Financing Actives What is Wright's Net change in cash What is Wright's Ending Cash Balance Does the 2014 Cash Balance from the Balance Sheet equal the Ending Cash Balance from the Statement of Cash Flows? (Click to select)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions