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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. Leave no cells blank - be certain to enter "0" wherever required.)
Use the balance sheet and income statement below: VALIUM'S MEDICAL SUPPLY CORPORATION Balance Sheet as of December 31, 2015 and 2014 (in thousands of dollars) 2015 2014 2015 2014 Assets Liabilities and Equity Current assets: Current liabilities Cash and marketable securities Accounts receivable Inventory 9089 208 330 199 309 Accrued wages and taxes Accounts payable Notes payable $ 66 $ 59 159 149 168 149 Total $ 628 597 Total $ 383 367 Fixed assets $ 656 592 6 120 Long-term debt: Stockholders' equity: Gross plant and equipment Less: Depreciation $1,127 $ 918 131 182 Preferred stock (6 thousand shares) Common stock and paid-in surplus 6 120 Net plant and equipment Other long-term assets $ 945787 170 (100 thousand shares) 170 Retained earnings 578 469 Total $1,115 957 Total $ 704 595 Total assets $1,743$1,55*4 Total liabilities and equity $1,743$1,55*4Step by Step Solution
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