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prepare a cash flow statement Given the following financial statements for ARGON Corporation, prepare the company's cash flow statement. Income Statement Balance Sheet Year Ended
prepare a cash flow statement
Given the following financial statements for ARGON Corporation, prepare the company's cash flow statement. Income Statement Balance Sheet Year Ended 12/31/10 12/31/2010/12/31/2009 Sales $1,300,000||Current Assets $50,000 $45,000 Cost of Goods Sold 750,000 Fixed Assets 430,000 350,000 Operating Expenses 200,000 Total Assets $480,000 $395,000 Depreciation 100,000 |EBIT 250,000||Current Liabilities $35,000 $50,000 Interest Expense 50,000 Long-term Debt 330,000 270,000 | 200,000|Common Stock 5,000 5,000 Taxes 80,000 Retained Earnings 110,000 70,000 Net Income $120,000 Total Liabilities & Equity__480,000 $395,000 Step by Step Solution
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