Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Jillian's Outdoor Ventures, Inc. Jillian's Outdoor Ventures, Inc. Balance sheets as of December 31 2020, and 2019 2020 Income Statement 2019 2020 Net sales $4,000

image text in transcribed
Jillian's Outdoor Ventures, Inc. Jillian's Outdoor Ventures, Inc. Balance sheets as of December 31 2020, and 2019 2020 Income Statement 2019 2020 Net sales $4,000 Cash $520 $509 Cost of goods sold $3,452 Accounts rec. $235 $224 Depreciation $113 Inventory $964 $953 EBIT $435 Current assets $1,719 $1,686 Interest paid $27 Net fixed assets $890 $879 Taxable income $408 Total assets $2,609 $2,565 Taxes $139 Net income $269 2019 2020 Dividends paid $65 Accounts payable $621 $704 Addition to RE $204 Notes payable $333 $272 Current liabilities $954 $976 Long-term debt $350 $60 Common stock $800 $820 Retained earnings $505 $709 Total L&E $2,609 $2,565 2. Use the balance sheet and income statement above, to complete the following: A. What is the change in net working capital for 2020? B. What is the net capital spending for 2020? C. What is the OCF for 2020? D. What is the cash flow from assets for 2020? E. What is the ending net working capital for 2020? F. What is the net new equity for 2020? G. What is the cash flow to stockholders for 2020? H. What is the cash flow to creditors for 2020

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Fundamentals Of Statistics

Authors: Michael Sullivan III

4th Edition

978-032184460, 032183870X, 321844602, 9780321838704, 978-0321844606

Students also viewed these Accounting questions