Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please help me make a multiple step income statement for 2013 and the indirect statement of cash flows. There is more information: COGS is 40%
Please help me make a multiple step income statement for 2013 and the indirect statement of cash flows. There is more information: COGS is 40% of sales. Plant and equiment for for 2013 is 6890 and 6160 for 2012. A/D for P&E is -3040 and -2660, respectively. This is the complete question.
nterest, net debt repayments, dividends, net stock repurchases, and net purchases of tonowing purposes: after-tax short-term investments? (Hint: Remember that a net use can be negative.) Rhodes Corporation: Income statements for Year Ending December 31 ions of Dollars) 2013 2012 $10,000 IOO $11,000 operating costs excluding depreciation 8,500 860 9,360 360 20 Depreciation and amortization 380 1,140 t 2 o A Earnings before interest and taxes 1,260 Less interest 100 1,140 1,040 Pre-tax income 416 4 Taxes (40%) 456 S 684 s 624 Net income available to common stockholders 200 Common dividends 220 Rhodes Corporation: Balance sheets as of December 31 Millions of Dolars 2012 2013 Assets 500 550 100 LO 110 Short-term investments 2,500 2 SD 2,750 Accounts receivable 1,650 1.500 too Inventories $4,600 $5,060 Total current assets 3,850 3.500 3 4 Net plant and equipment $8 $8,910 Total assets Liabilities and Equity $1,000 $1,100 Accounts payable 550 200 384 Notes payable $1,700 $2,034 Total current liabilities 1,000 4 1,100 Long-term debt $2,700 $3,134 Total liabilities 4,400 4,312 Common stock 1,464 1000 Retained earnings $5,400 $5,776 Total common equity $8,100 $8,910 Total liabilities and equityStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started