Question
OPQ, Inc. 2018 statement of comprehensive income Net sales $8,953 Cost of goods sold $5,865 Depreciation $? EBIT $? Interest paid $675 Earnings before taxes
OPQ, Inc. 2018 statement of comprehensive income | |
Net sales | $8,953 |
Cost of goods sold | $5,865 |
Depreciation | $? |
EBIT | $? |
Interest paid | $675 |
Earnings before taxes | $675 |
Taxes | $400 |
Net income | $705 |
Dividends paid | $? |
Addition to retained earnings | $450 |
OPQ, Inc. Statement of financial positions as of December 31, 2017 and 2018 | |||||
2017 | 2018 | 2017 | 2018 | ||
Cash | $725 | $1,135 | Accounts payable | $859 | $1,031 |
Accounts rec. | $2,330 | $? | Notes payable | $? | $4,020 |
Inventory | $3,240 | $5, 202 | Current liabilities | $? | $? |
Current assets | $? | $? | Long-term debt | $9,250 | $9,750 |
Net fixed assets | $? | $9,211 | Common stock | $250 | $? |
Retained earnings | $? | $2,797 | |||
Total assets | $16,083 | $17,848 | Total liab. & equity | $? | $? |
The cash flow to creditors for 2018 is ______ while the cash flow to stockholders for 2018 is _____. A. -$640; $705 B. -$175; $255 C. $175; $255 D. $175; $450 E. $640; $450
Explain the whole process, please!
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