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Preparing the Statement of Cash Fiones Balance sheet inlormation for Beckwith Products Company is presented below. Additional Information: 1. Net income for the year mas
Preparing the Statement of Cash Fiones Balance sheet inlormation for Beckwith Products Company is presented below. Additional Information: 1. Net income for the year mas $58,400. 2. Cash dividends of $19,900 were dectared and paid during the year. 3. During the year, Beckwith isued $50,000 of notes payable and repaid $35,000 principal relaking to notes payabie. 4. Common stock mas isoued for $43,800 cash. 5. Depreciation expense mais $19,750, and there were no dispseats of equipment. Required: 1. Prepare a statement of cash fws (ndirect methed) fur Beckwich Products. Lse a minus sign to indicate afry decrea 2. Compute the foluwing cash-based perfomance meancures: a. Free carih for b. Cash fow adeeuacy (Note: Asseume that the averape amount of debt maturing over the next 5 vears is $85,000 ). Reund ratio to two decimal places. Enter fagative values i fagakive numbers
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