Answered step by step
Verified Expert Solution
Question
1 Approved Answer
need help to see if my figures are correct? Thanks 11. Home Supply, Inc has compied thfoingfmaion (0 points avaiabl; Sales 2010 Interest paid Common
need help to see if my figures are correct? Thanks
11. Home Supply, Inc has compied thfoingfmaion (0 points avaiabl; Sales 2010 Interest paid Common stock $427,400 19,800 260,000 150,000 24,600 38,200 $511.500 21,600 295,000 160,000 23,500 BI Long-term debt Depreciation Accounts receivable Other costs Inventory Accounts payable Cost of goods sold 58,40034.900 56,800 32.900 289,300 36.700 39.400 61,100+ 58,800 36,800 274,200 41,500 11,400 336,900 28,600 Cash laxes | Net fixed assets 392.200 32,700 B Retained earnings Given the information above, which combines balance sheets and income statements for two different years, find the following only for 2010-3 parts (please show your work for partial credit): A. Calculate Net Income for 2010 only. Once you can identify Net Income, Dividends can be calculated (NI Div. + change in R/E). Hint: Don't forget to include Other Costs as a deduction from Sales in the calculation. 1,500 89,300 5 Col, IoO 4a5 880 B. Calculate Cashflow to Shareholders C. Calculate Cashflow from Assets (use either formula or both if you wish to check your workStep 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