Question
Income statement Net sales $1,800,000 $1,800,000 Cost of Goods Sold 900,000 1,260,000 Gross Profit 600,000 540,000 Marketing 150,000 200,000 General & Administrative 150,000 200,000 Depreciation
Income statement
Net sales $1,800,000 $1,800,000
Cost of Goods Sold 900,000 1,260,000
Gross Profit 600,000 540,000
Marketing 150,000 200,000
General & Administrative 150,000 200,000
Depreciation 53,000 60,000
EBIT 247,000 80,000
Interest 57,000 70,000
Earnings Before Taxes 190,000 10,000
Income Taxes 76,000 4,000
Net Income $114,000 $6,000
Balance Sheets
2013 2014
Cash $40,000 $10,000
Accounts Receivables 260,000 360,000
Inventories 500,000 600,000
Total Current Assets 800,000 970,000
Fixed Assets, Net 400,000 500,000
Total Assets $1,200,000 $1,470,000
Accounts Payable $170,000 $180,000
Accruals 70,000 80,000
Bank Loan 90,000 184,000
Total Current Liabilities 330,000 444,000
Long-Term Debt 400,000 550,000
Common Stock 350,000 350,000
Retained Earnings 120,000 126,000
Total Liab. & Equity $1,200,000 $1,470,000
What is the cash flow from investing activities for 2014?
|
|
Net Income $114,000 $6,000
Balance Sheets
2013 2014
Cash $40,000 $10,000
Accounts Receivables 260,000 360,000
Inventories 500,000 600,000
Total Current Assets 800,000 970,000
Fixed Assets, Net 400,000 500,000
Total Assets $1,200,000 $1,470,000
Accounts Payable $170,000 $180,000
Accruals 70,000 80,000
Bank Loan 90,000 184,000
Total Current Liabilities 330,000 444,000
Long-Term Debt 400,000 550,000
Common Stock 350,000 350,000
Retained Earnings 120,000 126,000
Total Liab. & Equity $1,200,000 $1,470,000
What is the cash flow from investing activities for 2014?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Campaign Finance Reform
Authors: Melissa M. Smith, Glenda C. Williams, Larry Powell, Gary A. Copeland
1st Edition
0739145657, 978-0739145654
