Question
Pacific Ocean is a company that manufactures and sells seafood product. Adrian Lee, the companys account executive has gathered the following information and prepared the
Pacific Ocean is a company that manufactures and sells seafood product. Adrian Lee, the companys account executive has gathered the following information and prepared the Balance Sheet for year 2019 and 2020:
Balance Sheet for year 2019 and 2020
2019 | 2020 | ||
Cash | $3792 | $4041 | |
Accounts Receivable | 5021 | 5892 | |
Inventories | 8927 | 9555 | |
Total Current Assets | 17740 | 19488 | |
Net Fixed Assets | 31805 | 33921 | |
Total Assets | 49545 | 53409 | |
|
| ||
Accounts Payable | 3984 | 4025 | |
Notes Payable | 732 | 717 | |
Total Current Liabilities | 4716 | 4742 | |
Long Term Debt | 12700 | 15435 | |
Total Liabilities | 17416 | 20177 | |
Owners equity | 32129 | 33232 | |
Total Liabilities and Equity | 49545 | 53409 |
Other information:
| 2019 | 2020 |
Sales | $7233 | $8085 |
Depreciation | 1038 | 1085 |
Cost of goods sold | 2487 | 2942 |
Other expenses | 591 | 515 |
Interest | 485 | 579 |
Dividends | 882 | 1011 |
Notes: Assume the tax rate for this company is at 25%.
Pacific Ocean Income Statement for year 2020 | |
Sales | $8085 |
Cost of goods sold | $2942 |
Expenses | $515 |
Depreciation | $1085 |
Earnings before interest and taxes | $3543 |
Interest expense | $579 |
Taxable income | $2964 |
Taxes | $741 |
Net Income | $2223 |
QUESTION
According to the info given above, calculate the cash flow from assets for year 2020.
a) Operating Cash Flow
b) Net Capital Spending
c) Net Working Capital 2019
d) Net Working Capital 2020
e) Changes in Net Working Capital
f) Cash Flow from Assets
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