Answered step by step
Verified Expert Solution
Question
1 Approved Answer
my cash flows are not equalling to my cash flows from assets. this is an emergency! please advise! Cost of goods sold Cash Depreciation Interest
my cash flows are not equalling to my cash flows from assets. this is an emergency! please advise!
Cost of goods sold Cash Depreciation Interest expense Selling & Administrative Accounts payable Fixed assets Sales Accounts receivable Notes payable Long-term debt Inventory New equity Tax rate Dividend percentage Output area: 4 $ 2018 224,359 32,372 63,334 13,783 44,121 57,220 279,419 440,122 22,939 26,079 141,040 48,272 21% 50% $ 2019 283,281 34,394 71,584 15,780 57,586 63,479 348,508 536,483 29,755 28,474 158,368 66,244 27,157 2018 and 2019 Income statements 2018 Income Statement Sales Cost of goods sold Selling & Administrative Depreciation EBIT Interest EBT Taxes (21%) Net income $ 440,122 224,359 44,121 63,334 152,429 13,783 138,646 $ 29,116 109,530 $ Dividends $ 54,765 Addition to retained earnings $ 54,765 2019 Income Statement Sales Cost of goods sold Selling & Administrative Depreciation EBIT Interest EBT Taxes (21%) Net income Dividends Addition to retained earnings $ $ $ $ 536,483 283,281 57,586 71,584 124,032 15,780 108,252 22,733 85,519 42,760 42,760 2018 and 2019 Balance sheets Balance sheet as of Dec. 31, 2018 $ Cash 32,372 Accounts receivable 22,939 48,272 $ 103,583 Inventory Current assets Net fixed assets Total assets $ 279,419 $ 383,002 Accounts $ payable Notes payable Current liabilities Long-term debt Owners' equity Total lib. & equity 57,220 26,079 $ 83,299 $ 141,040 $ 20,284 $ 161,324 Cash Accounts receivable Inventory Current assets Net fixed assets Total assets Balance sheet as of Dec. 31, 2019 $ 34,394 29,755 66,244 $ 130,393 $ 348,508 $ 478,901 Accounts payable Notes S 63,479 28,474 $ payable Current liabilities 91,953 Long-term debt Owners equity Total lib. & $ equity $ 158,368 $ 69,916 228,284 Cash Flow from Assets Operating cash flow Net capital spending -Change in NWC Cash flow from assets Cash Flow to Creditors Interest paid -Net New Borrowing Cash flow to Creditors Cash Flow to Stockholders Dividends paid -Net new equity raised Cash flow to Stockholders 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