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Need this soon, thank you !!! Current Attempt in Progress Analysts following the Wildhorse Golf Company were given the following balance sheet information for the
Need this soon, thank you !!!
Current Attempt in Progress Analysts following the Wildhorse Golf Company were given the following balance sheet information for the years ended June 30, 2017 and June 30, 2016: Assets Cash and marketable securities Accounts receivable Inventory Other current assets Total current assets Plant and equipment Less: Accumulated depreciation Net plant and equipment Goodwill and other assets Total assets Liabilities and Equity Accounts payable and accruals Notes payable Accrued income taxes Total current liabilities Long-term debt Total liabilities Preferred stock Common stock (10,000 shares) Additional paid-in capital Retained earnings Less: Treasury stock Total common equity Total liabilities and equity 2017 $33,820 260,205 423,819 41,251 $759,095 1,930,000 (419,044) $1,510,956 385,800 $2,653,506 2017 $378,236 14,487 20,780 $413,503 679.981 $1,093,484 2016 $16,566 318,768 352,740 29,912 $717,986 1,607,100 (206,678) $1,400,422 412,380 $2,530,788 2016 $329,021 7,862 16,815 $353,698 793,515 $1,147,213 10,000 975,465 398,110 10,000 975,466 587,546 (12,990) $1,560,022 $2,653,506 $1,383,575 $2,530,788 In addition, it was reported that the company had a net income of $2,972,748 and that depreciation expenses were equal to $212,366 during 2017. Assume amortization expense was $0 in 2017. Based on the financial statements for Wildhorse Golf Company above, compute the cash flow invested in net working capital and the cash flow invested in long-term assets that you would use in a calculation of the cash flow to investors for 2017. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg. (45).) $ Cash flow invested in net working capital Cash flow invested in long-term assets $ $ $Step by Step Solution
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