Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Item Prior year Current year Accounts payable 8,157.00 7,801.00 Accounts receivable 6,000.00 6,783.00 Accruals 1,019.00 1,522.00 Cash ??? ??? Common Stock 11,964.00 12,214.00 COGS 12,693.00
Item | Prior year | Current year |
Accounts payable | 8,157.00 | 7,801.00 |
Accounts receivable | 6,000.00 | 6,783.00 |
Accruals | 1,019.00 | 1,522.00 |
Cash | ??? | ??? |
Common Stock | 11,964.00 | 12,214.00 |
COGS | 12,693.00 | 18,227.00 |
Current portion long-term debt | 5,021.00 | 4,957.00 |
Depreciation expense | 2,500 | 2,818.00 |
Interest expense | 733 | 417 |
Inventories | 4,103.00 | 4,789.00 |
Long-term debt | 13,115.00 | 14,085.00 |
Net fixed assets | 51,214.00 | 54,403.00 |
Notes payable | 4,379.00 | 9,802.00 |
Operating expenses (excl. depr.) | 13,977 | 18,172 |
Retained earnings | 28,415.00 | 29,662.00 |
Sales | 35,119 | 47,166.00 |
Taxes | 2,084 | 2,775 |
What is the firm's total change in cash from the prior year to the current year?
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