Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PIUNiem -3 riee Udsi riuw (LUZ-9) Rebecky's Flowers 4U, Inc., had free cash flows during 2021 of $47 million, NOPAT of $89 million, and depreciation

image text in transcribed

PIUNiem -3 riee Udsi riuw (LUZ-9) Rebecky's Flowers 4U, Inc., had free cash flows during 2021 of $47 million, NOPAT of $89 million, and depreciation of $11 million. Using this information, fill in the blanks on Rebecky's balance sheet below. (Enter your answers in millions of dollars.) REBECKY'S FLOWERS 4U, INC. Balance Sheet as of December 31, 2021 and 2020 2021 2021 2020 $ $ 17 $ 15 70 24 72 135 231 55 $ Assets Current assets: Cash and marketable securities Accounts receivable Inventory Total Fixed assets: Gross plant and equipment Less: Depreciation Net plant and equipment Other long-term assets Total (in millions of dollars) 2020 Liabilities and Equity Current liabilities: $ 21 Accrued wages and taxes 6 2 Accounts payable 117 Notes payable $ 200 Total Long-term debt: $ 320 Stockholders' equity: 40 Preferred stock (6 million shares) $ 280 Common stock and paid-in surplus 10 million shares) 50 Retained earnings $ 330 Total $ 530 Total liabilities and equity $ $ 140 209 $ $ 353 51 302 50 352 583 20 192 218 583 20 155 181 530 $ $ $ $ $ $ Total assets

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Municipal Finances A Handbook For Local Governments

Authors: Catherine D. Farvacque-Vitkovic, Mihaly Kopanyi

1st Edition

082139830X, 978-0821398302

More Books

Students also viewed these Finance questions

Question

Is conflict always unhealthy? Why or why not? (Objective 4)

Answered: 1 week ago