looking for Future Cash Flows

1 2 Sales Revenues 3 4 5 Selling, general, and administrative expenses Depreciation Cost of goods sold Fixed costs 7 EBIT 8 Taxes 9 Net Operating Profits after Taxes (NOPAT) 10 11 *** Tax rate 12 Dividends paid 13 Income Statement year ending 2020 14 15 ASSETS 15 Current Assets 17 Cash 18 Accounts receivable 19 Inventories 20 Total current assets 21 22 Net Fixed assets Intangible assets TOTAL ASSETS Accounts receivable Inventories Gross Fixed assets 23 Accumulated depreciation 24 25 26 27 20 29 These are cumulative retained earnings but textbook simply calls it retained earnings 30 31 32 ASSETS 33 Current Assets 34 Cash 35 36 37 Total current assets 38 Gross Fixed assets 39 Accumulated depreciation 40 Net Fixed Assets 41 Intangible assets 42 43 44 45 46 47 Total long-term assets TOTAL ASSETS $32 L.M $14 B $11 $110 48 30% $10 Partial Balance Sheet 12/31/2019 $4 LIABILITIES Current Liabilities Accruals 6 Total current liabilities Long-term debt Total Liabilities 80 OWNERS' EQUITY 10 Accounts payable Retained earnings Common stock 0 Total owner's equity TOTAL LIABILITIES & OWNER'S EQUIT $2 Partial Balance Sheet 12/31/2020 0 LIABILITIES Current Liabilities Accruals Accounts payable 5 Total current liabilities Long-term debt 95 Total liabilities OWNERS' EQUITY Retained earnings Common stock Total owner's equity TOTAL LIABILITIES & OWNER'S EQUIT 0 $10 $12 15 $7 $7 E F

fx Income Statement year ending 2020 A B. Incomestatement yearededinz 2020 i.. Tax rate 30% Dividendr paid $10 fx Income Statement year ending 2020 A B. Incomestatement yearededinz 2020 i.. Tax rate 30% Dividendr paid $10