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I've filled out the balance sheet and income statement, I just need to fill out the statement of cash flow which I don't know how
I've filled out the balance sheet and income statement, I just need to fill out the statement of cash flow which I don't know how to do.
Balance Sheet as of December 31, 2018 and 2017 In millions of dollars) Income Statement for the Years Ending December 31, 2018 and 2017 (In millions of dollars) 2018 2017 ASSETS 12/31/2018 12/31/2017 Assets Current Assets: Cash and marketable securites S 150 S Accounts Receivable 425 $ Inventory 625 $ Total $ 1.200 $ 1.200 200 Net Sales Less: Cost of Goods Sold IS Gross Profits Less other operating expenses EBITDA Les Depreciation EBT Les interest 1.450 $ 850 $ 600 $ 40 $ 560 $ 200S 360 $ EBT Fixed Assets: Gross Plant & Equipment Less Depreciation Net plant and equipment S $ S 2.500 1200 1.400 $ $ 2.200 1.000 1.200 Lese: Taxes (40%) NET INCOME Less Common Stock Dividends $ Addition to retained Earnings $ 295 $ 1135 178 $ 735 100 $ Total assets 3 2.600 $ 2,400 LIABILITIES Llabiutes and Equity Current abilities: Accounts payable Notes Payable Total 200 150 150 300 $ $ S S S 200 600 600 3 $ 900 Long Term Debt (Bonds Stockholders' equity Common stock Retained Earnings Total Equity Total Liabites and Equity IS 900 3300 3 $ 1,700 700 1,600 $ 2.600 $ 2.400 XYZ INC Statement of Cash Flows for the Year Ending December 31, 2018 Section A. Cash fows from operating activites Net Income Additions (sources of cash): Depreciation *All data in the cash flow statement should be computed using a formula referencing the data presented in the balance sheets and Income statement Manual entry of numbers will not receive full credit. Subtractions (uses of cash) Net cash flow from operating activities Section B. Cash flows from Investing activities Subtractions Net cash flow from Investing activities Section C. Cash flows from financing activities L Additions: Subtractions Net cash flow from financing activities Section D. Net change in cash and marketable securitiesStep by Step Solution
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