Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Prepare and analyze the statement of cash flows for McStar Corporation for the year 2021. McStar Corporation Statement of Financial Position as of December 31

image text in transcribedimage text in transcribed

Prepare and analyze the statement of cash flows for McStar Corporation for the year 2021.

McStar Corporation Statement of Financial Position as of December 31 2021 2020 (RM million) (RM million) Cash 182.9 81.5 Marketable securities 15.4 25.6 Account receivable 425.6 536.8 Inventories 616.5 658.9 Prepaid expenses 90.4 95.a Other assets Bass 623.4 Plant assets, net 1,876.a 1.654.2 Total assets 4,042.8 3,676.2 Nates payable 182.1 145.6 Others payable to suppliers 418.9 732.4 Accrued liabilities 228.1 3972 Accrued income taxes 78.3 47.4 Other liabilities 31.3 23.5 Long term debat 7777 467 Preferred stock 21.3 213 Capital stock 512 51.2 Capital surplus 106.5 654 Retained earnings 1,765.4 1,6652 3.676.2 Total liabilities and shareholder's mouity 4,042.8 McStar Corporation Statement of Financial Performance as of December 31 2021 2020 (RM million) (RM million) 6,432.20 6,433.70 Net sales Cost of goods sold 4012.30 4341.90 916.5 954.2 Marketing and selling expenses Administrative expenses 356.7 344,4 Depreciation 184.1 175.3 126.7 122.5 Interest expense Total cost and expenses Earnings before taxes 5,596.30 5,938.30 835.90 495.40 Taxes on earnings 412.6 490.2 Net earnings 423.30 5.20 McStar Corporation Statement of Financial Position as of December 31 2021 2020 (RM million) (RM million) Cash 182.9 81.5 Marketable securities 15.4 25.6 Account receivable 425.6 536.8 Inventories 616.5 658.9 Prepaid expenses 90.4 95.a Other assets Bass 623.4 Plant assets, net 1,876.a 1.654.2 Total assets 4,042.8 3,676.2 Nates payable 182.1 145.6 Others payable to suppliers 418.9 732.4 Accrued liabilities 228.1 3972 Accrued income taxes 78.3 47.4 Other liabilities 31.3 23.5 Long term debat 7777 467 Preferred stock 21.3 213 Capital stock 512 51.2 Capital surplus 106.5 654 Retained earnings 1,765.4 1,6652 3.676.2 Total liabilities and shareholder's mouity 4,042.8 McStar Corporation Statement of Financial Performance as of December 31 2021 2020 (RM million) (RM million) 6,432.20 6,433.70 Net sales Cost of goods sold 4012.30 4341.90 916.5 954.2 Marketing and selling expenses Administrative expenses 356.7 344,4 Depreciation 184.1 175.3 126.7 122.5 Interest expense Total cost and expenses Earnings before taxes 5,596.30 5,938.30 835.90 495.40 Taxes on earnings 412.6 490.2 Net earnings 423.30 5.20

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Passive Income A Guide To Building Passive Income Streams

Authors: Yun Jin Xu

1st Edition

979-8866884490

More Books

Students also viewed these Finance questions

Question

Types of curriculum ?

Answered: 1 week ago

Question

Curriculum analysis: main points explain?

Answered: 1 week ago

Question

Advantages of team teaching ?

Answered: 1 week ago

Question

Describe the ethics of marketing.

Answered: 1 week ago

Question

ASCII stand for?

Answered: 1 week ago