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prepare a statement of cash flows for 2020 for the prufrock corporation. cash Accounts receivable Inventory Total current assets Net fixed assets Total Assets Year
prepare a statement of cash flows for 2020 for the prufrock corporation.
cash Accounts receivable Inventory Total current assets Net fixed assets Total Assets Year 2019 84 165 393 642 2731 3373 Year 2020 2311 1044 100 200 276 691 141 550 187 363 Accounts payable Bank loan Accrued liabilities Total current liabilities Long-term debt Common stock Additional paid-in capital Retained earnings otal equity al liabilities & equity Prufrock Corporation ($ in millions) Year 2020 101 Net sales 188 Cost of goods sold 422 Marketing expenses 711 General & Admin 2880 Depreciation 3591 EBIT Interest 347 Earning before taxes 76 Income taxes (34%) 120 Net income 543 457 Dividend 100 Addition to retained earnings 450 2041 2591 3591 312 76 155 543 531 100 400 1799 2299 3373 121 242 FIN3345 Fall 2021 Exam 1. Prepare a statement of cash flows for 2020 for the Prufrock Corporation. Year 2020 Statement of cash flows Cash from operating: Net income Depreciation Increase in accounts receivable Increase in inventory Increase in accounts payable Increase in accrued liabilities Net from operating Cash from investing: Increase in gross fixed assets Net from investing Cash from financing: Increase in bank loan Increase in long-term debt Increase in common stock Cash dividend paid Net from financing Total net cash increase (decrease)
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