My Mainbow. U thing the information. Check with you are not clear about what C G See Deye Interest The Income TA Net Income Tuy Ming Company Income Statements 2008 520000 19500 5600 900 600 2400 816 S1584 2009 330500 20960 5400 1000 840 2300 282 S1518 Cash Accounts Receivable Inventory Total Current Assets Net Fixed Assets Total Assets Terry Manufacturing Company Balance Sheets 2008 $800 3200 4050 8050 8200 $16950 2009 $120 3800 6250 10170 8700 $18870 Accounts Payable Accruals Notes Payable Total Current Liabilities Long-term Debt Common Stock Total Liabilities and Equity 1250 350 600 2200 5500 9250 $16950 1350 502 200 2052 7000 9818 $18870 1. Compile a statement of cash flows for Terry using the indirect method. (30 points) The 2008 and 2009 financial statements for Terry Manufacturing appear below. Use them to answer the questions that follow. Don't assume anything! Use this information, or the assumptions given in the questions. Check with me if you are not clear about what is being asked in the questions. Terry Manufacturing Company Income Statements 2008 Net Sales $29000 Cost of Goods Sold 19500 Selling Expenses 5600 Depreciation 900 Interest Expense 600 Taxable income 2400 Taxes 816 Net Income $1584 2009 $30500 20960 5400 1000 840 2300 782 51518 Terry Manufacturing Company Balance Sheets 2008 Cash $800 Accounts Receivable 3200 Inventory 4050 Total Current Assets 8050 Net Fixed Assets 8900 Total Assets $16950 2009 S120 3800 6250 10170 8700 $18870 Accounts Payable Accruals Notes Payable Total Current Liabilities Long-term Debt Common Stock Total Liabilities and Equity 1250 350 600 2200 5500 9250 $16950 1350 502 200 2052 7000 9818 $18870 My Mainbow. U thing the information. Check with you are not clear about what C G See Deye Interest The Income TA Net Income Tuy Ming Company Income Statements 2008 520000 19500 5600 900 600 2400 816 S1584 2009 330500 20960 5400 1000 840 2300 282 S1518 Cash Accounts Receivable Inventory Total Current Assets Net Fixed Assets Total Assets Terry Manufacturing Company Balance Sheets 2008 $800 3200 4050 8050 8200 $16950 2009 $120 3800 6250 10170 8700 $18870 Accounts Payable Accruals Notes Payable Total Current Liabilities Long-term Debt Common Stock Total Liabilities and Equity 1250 350 600 2200 5500 9250 $16950 1350 502 200 2052 7000 9818 $18870 1. Compile a statement of cash flows for Terry using the indirect method. (30 points) The 2008 and 2009 financial statements for Terry Manufacturing appear below. Use them to answer the questions that follow. Don't assume anything! Use this information, or the assumptions given in the questions. Check with me if you are not clear about what is being asked in the questions. Terry Manufacturing Company Income Statements 2008 Net Sales $29000 Cost of Goods Sold 19500 Selling Expenses 5600 Depreciation 900 Interest Expense 600 Taxable income 2400 Taxes 816 Net Income $1584 2009 $30500 20960 5400 1000 840 2300 782 51518 Terry Manufacturing Company Balance Sheets 2008 Cash $800 Accounts Receivable 3200 Inventory 4050 Total Current Assets 8050 Net Fixed Assets 8900 Total Assets $16950 2009 S120 3800 6250 10170 8700 $18870 Accounts Payable Accruals Notes Payable Total Current Liabilities Long-term Debt Common Stock Total Liabilities and Equity 1250 350 600 2200 5500 9250 $16950 1350 502 200 2052 7000 9818 $18870
