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Prepare a statement of cash flows for Valiums Medical Supply Corporation. (Enter your answers in thousands. Amounts to be deducted should be indicated with a
Prepare a statement of cash flows for Valiums Medical Supply Corporation. (Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.)
S MEDICAL SUPPLY CORPORATION t as of December 31, 2018 and 2017 in thousands of dollars) Current liabilities: Accounts payable Liabilities and Equity 2018 2017 $ 56 46 146 136 $ 345$328 $ 591 $ 566 Accrued wages and taxes 153 136 Notes payable Total Long-term debt Stockholders' equity: Preferred stock (6 thousand shares) Common stock and paid-in surplus (100 thousand shares) Retained earnings 120 456 $ 730 582 $1,666 $1,476 120 604 Total Total liabilities and equity VALIUM'S MEDICAL SUPPLY CORPORATION Balance Sheet as of December 31, 2018 and 2017 (in thousands of dollars) Assets 2018 2017 Liabilities and Equity Current assets: Current liabilities: Cash and marketable securities Accounts receivable Inventory $77$ 76 186 296 $ 590 558 Accrued wages and taxes 191 322 Accounts payable Notes payable Total Total Fixed assets: Long-term debt Gross plant and equipment Less: Accumulated depreciation Net plant and equipment Other long-term assets $1,088 $892 Stockholders' equity: 118 $ 932$ 774 144 $1,076 $ 918 156 Preferred stock (6 thousand shares) Common stock and paid-in surplus (100 t Retained earnings 144 Total Total Total assets $1,666 1,476 Total liabilities and equity VALIUM'S MEDICAL SUPPLY CORPORATION Income Statement for Years Ending December 31, 2018 and 2017 (in thousands of dollars) Net sales Less: Cost oI goods sold Gross profits Less: Other operating expenses Earnings before interest, taxes, depreciation, 2018 $ 902 394 $ 508 52 2017 $ 812 357 $ 455 46 and amortization (EBITDA) Less: Accumulated depreciation Earnings before interest and taxes (EBIT) Less Interest Earnings before taxes (EBT) Less Taxes Net income Less: Preferred stock dividends Net income available to common stockholders Less: Common stock dividends Addition to retained earnings Per (common) share data: $ 456 $ 409 36 418 373 47 $ 365 $ 326 116 $ 210 6 $ 223204 75 $ 148129 38 53 136 $ 229 6 75 Earnings per share (EPS) Dividends per share (DPS) Book value per share (BVPS) Market value (price) per share (MVPS) $2.23 $2.04 $0.75 $0.75 $7.24$5.76 $8.27 $6.24 Cash flows from investing activities Subtractions Increase in fixed assets Increase in other long-term assets Net cash flow from investing activities Cash flows from financing activities 0 Additions: Increase in notes payable Increase in long-term debt Increase in common and preferred stock 0 25 0 Subtractions: Common stock dividends Preferred stock dividends Net cash flow from financing activities Net change in cash and marketable securities
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