Please answer the following questions with the balance sheet and income statement. It is very important that it be done correctly. Please inform me if you are not sure on the answer. If not and the question is completely wrong I will be unsubscribing to course hero. Thank you.
"'v xi AV " ' [vu-vr! ' A L st tm Sultan my; balance sheet and income utntem( m am" er the "xm/emma, mm am". flea"! she" all your vs ark! ' (and! i'npcr l'rvduzts Bakmcc Shut! Dtcun'acr 31. 2012 and ZHH {Er'ileA J; IT: N i} Curran Xs'acw ' Cash 5 "am is". Um i-choums Rcccix'a'cl-c "MM "LEIGH {ax emory AM} "? 3,.I.75"f" Tom1Curr-cm Assets 3459" 3379" LOZEg-I "tm Assets: Tixcd Asscts Accutzzubtcd Dcprociazion Tom! Lutz-tam: Assets Tozal Assets 7 1 '(mo 5 Sj; Km *, 1',4 (2:17ch ' 4 4 ' ACCOLHL.' Wages ..4y V, I.;iC.C>x 5 6.100 5 {WO 2.200 2.6('20 800 1.000 2300 Lin]! 11 400 IOJOO 20392 233le 11 700 34100 L-A-"c- m..-.--w' ' . Y -' 'wun .. Stocrj'mdcrx hrs. . 31700 11900 "% 36500 17200 "trs' Equity 49 "OO jQLH-jfl -.?:.... .0cxI:0'-'"rs' Equity S 80900 MS (54200 s ALvCartell Paper Products Income Statement For the Year Ended December 31, 2012 Sales SI 47,6OO Cost of Goods Sold 6338400 Gross Profit ' Less Operating Expenses: Wage Expense S 40,100 Supply Expense 10,100 InsuranCe Expense 3,000 Depreciation Expense LQQQ .5.7...LO.0 Operating Income 26,700 Interest Expense 24599 Income before Taxes 24,1OO Income Tax Expense M Net Income :;Q;;O;Q a) How much cash was collected from customers by Cartell Paper Products in 2012? v hz h p iv .( N um......--u.w..r ' b) How much inventory did Cartell Paper Products purchase in 2012? . '4 rum; 0) How much cash was paid to suppliers of inventory by Cartell Paper Products in 2012?d I' I ' . ) VE hat. "es the net cash flow from operations for Carte." Paper Products in 2012? (Him: Use the indirect method.) c) What was the net cash flow from investing activities for Cartel! Paper Products in 2012? f) What was the net cash flow from financing activities for Cartel] Paper Products in 2012?l- 'mbul mm g balance sheet ' . Please show all your Work! and income statement to answer the questions that follow. Cartell Paper Products Balance Sheet December 31, 2012 and 2011 12/31/12 12/31/11 Current Assets: Cash $ 4,600 $ 3,100 Accounts Receivable 9,600 7,900 Inventory 20,100 21,700 Total Current Assets 34,300 32,700 Long-term Assets: Fixed Assets 71 ,000 58,000 Accumulated Depreciation 130,400) (26,500) Total Long-term Assets 46,600 31,500 Total Assets 3392900 3-6A ZQQ Current Liabilities: Accounts Payable $ 6,100 $ 4,900 XVages Payable 2,200 2,600 Interest Payable 800 l,000 Taxes Payable 24-3-09 LQQQ Total Current Liabilities l l,400 10, 1 OO Long-term Liabilities: Bonds Payable 20,300 M Total Liabilities gin-oo gigi-(lg Stockholders' Equity: Common Stock 22,7OO 12,9OO Retained Earnings gQQO-Q M Total Stockholders' Equity MQQ M Total Liabilities and Stockholders' Equity 5 80i900 s 6432.O*Ouse me following ba] v ance sheet and i . Please Show an your work! ncome statement to answer the questions that follow. Cartell Paper Products Balance Sheet December 31, 2012 and 2011 Current Assets: nam 12/31/11 Cm'h $ 4,600 $ 3,100 Accounts Receivable 9,600 7,900 Inventory 20, 1 00 21,700 Total Current Assets 34,300 32,700 Long-term Assets: Fixed Assets 71,000 5g,000 Accumulated Depreciation 30 400 (-1.-)26 500 Total Long-term Assets 46,600 31 ,500 Total Assets 5 805900 64 200 Current Liabilities: Accounts Payable $ 6,100 $ 4,900 XVages Payable 2,200 2,600 Interest Payable 800 LOOO Taxes Payable Aga-Oj} LQQQ Total Current Liabilities 11,4OO 10,l OO Long'term Liabilities: Bonds Payable Mg M Total Liabilities 3-1J-729 M Stockholders' Equity: Common Stock 22,700 12,900 Retained Earnings ME lllo-O Total Stockholders' Equity ' 194202 M Total Liabilities and Stockholders' Equity is 80,900 g 64g200" I,"V rvnll'al Use the tons".- mg balance she '
