prepare a sttement of cash flows - direct method, and compute free cash flow

OSKER COMPANY Comparin mo Sheet The 1 TV 14,3 AR . Aan 7.00 Ladies and cry be incente Honde Csak Total 3 IKE 14 Sisse 350 NOKER COMPANY Tward sale code pel atges op Inimale www rest AT 34.000 4 God wat Lage you will find the only and that she Mirni | Aur Date Naderies Puma Adres per te sple Descripcie pad Om Pure White w NOT: Katera number in allergiavaherberater er formula in cele SER COMPANY Sarcas For Your Es De L, X Cataloare Vita Calam For peringe Form For * *//y Ai Chose www Sake of V Vu Date Kedah Tuse of de Netched facile Net Calipengele Gabinet hi VE Netcare Las palmas Cat FreeCa Vules Comparative Balance Sheet December 31 Assets Cash Accounts Receivable Inventory Equipment Accumulated depreciation--equipment Total 2017 $38,000 30,000 27,000 60,000 (29,000) $126,000 2016 $20,000 14,000 20,000 78,000 (24,000) $108,000 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $24,000 7,000 27,000 18,000 50,000 $126,000 $15,000 8,000 33,000 14,000 38.000 S108,000 NOSKER COMPANY Income Statement For the Year ended December 31, 2017 Sales revenue Cost of goods sold Gross profit Operating expenses Income from operations Interest expense Income before income taxes Income tax expense Net income $242.000 175,000 67,000 24.000 43.000 3.000 40,000 8.000 $32.000 Iditional data: Dividends declared and paid were $20,000. During the year equipment was sold for 58,500 cash. This equipment cost $18,000 originally and had a book value of $8,500 at the time of sale. All depreciation expense, $14,500, is in the operating expenses. All sales and purchases are on account ata for Nosker Company is presented above. Further anlaysis reveals the following Accounts payable pertain to merchandise suppliers. All operating expenses except for depreciation were paid in cash. structions Prepare a statement of cash flows using the direct method. Compute free cash flow, OTE: Enter a number in cells requesting a value: enter either a number or a formula i 4. All sales and purchases are on account Data 1 Nosker Company is presented above. Further anlaysis reveals the following L.Acounts payable pertain to merchandise suppliers. 2 All operating expenses except for depreciation were paid in cash. Instructions m) Preupare a statement of cash flows using the direct method. (b) Compute free cash flow. NOTE: Enter a number in cells requesting a value; enter either a number or a formula in al Value NOSKER COMPANY Statement of Cash Flows For the Year Ended December 31, 2017 Cash flows from operating activities Cash receipts from customers Less cash payments: To suppliers For operating expenses For income taxes For interest Net cash provided by operating activities Value Value Value 7 Cash flows from investing activities Sale of equipment Net cash provided by investing activities Value Value Value Value Value Cash flows from financing activities Issuance of common stock Redemption of bonds Payment of dividends Net cash used by financing activities Net increase in cash Cash at beginning of period Cash at end of period Value 2 1b) Value Free Cash Flow: Net cash provided by operating activities Less: Capital expenditures Cash dividends Free Cash Flow Value Value ? Value 17-8A Prepare a statement of cash flows - direct method, and compute free cash ox NOSKER COMPANY Comparative Balance Sheet December 31 Assets Cash Accounts Receivable Inventory Equipment Accumulated depreciation--equipment Total 2017 $38,000 30,000 27,000 60,000 (29,000) $126,000 2016 $20,000 14,000 20,000 78,000 (24,000) $108,000 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $24,000 7,000 27,000 18,000 50,000 $126.000 $15,000 8,000 33,000 14,000 38.000 S108.000 NOSKER COMPANY Income Statement For the Year ended December 31, 2017 Sales revenue $242,000 Sales revenue Cost of goods sold Gross profit Operating expenses Income from operations Interest expense Income before income taxes Income tax expense Net income $242,000 175,000 67.000 24,000 43,000 3,000 40,000 8,000 $32,000 Additional data: 1. Dividends declared and paid were $20,000, 12 Duding the wear paninment was sold for SR 500 cash This paninmintenst SIR 000 Additional data: 1. Dividends declared and paid were $20,000. 2. During the year equipment was sold for $8,500 cash. This equipment cost $18,000 originally and had a book value of $8,500 at the time of sale. 3. All depreciation expense, $14,500, is in the operating expenses. 4. All sales and purchases are on account. Data for Nosker Company is presented above. Further anlaysis reveals the following. 1. Accounts payable pertain to merchandise suppliers. 2. All operating expenses except for depreciation were paid in cash. Instruktions a) Prepare a statement of cash flows using the direct method. Instructions (a) Prepare a statement of cash flows using the direct method. (b) Compute free cash flow. NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?". (a) NOSKER COMPANY Statement of Cash Flows For the Year Ended December 31, 2017 Cash flows from operating activities Cash receipts from customers Less cash payments: To suppliers Value - To suppliers For operating expenses For income taxes For interest Net cash provided by operating activities Value Value Value 2 Cash flows from investing activities Sale of equipment Net cash provided by investing activities Value Value Cash flows from financing activities Issuance of common stock Redemption of bonds Pavment of dividende Value Value Value Value Value Value Cash flows from financing activities Issuance of common stock Redemption of bonds Payment of dividends Net cash used by financing activities Net increase in cash Cash at beginning of period Cash at end of period Value ? (b) Free Cash Flow: Net cash provided by operating activities Value Cash at beginning of period Cash at end of period Value ? (b) Value Free Cash Flow: Net cash provided by operating activities Less: Capital expenditures Cash dividends Free Cash Flow Value Value 2 Value