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PROBLEM 14.6B Financial Statement Analysis LO14-42) , LO14-5, LO14-72 Page 677 Shown are selected data from the financial statements of Hamilton Stores, a retail lighting
PROBLEM 14.6B Financial Statement Analysis LO14-42) , LO14-5, LO14-72 Page 677 Shown are selected data from the financial statements of Hamilton Stores, a retail lighting store From the balance sheet: Cash Accounts receivable Inventory Plant assets (net of accumulated depreciation) Current liabilities Total stockholders' equity Total assets $ 35,000 175,000 225,000 550,000 90,000 500,000 1,300,000 From the income statement Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Net income $2,400,000 1,800,000 495,000 80,000 4,000 21,000 From the Statement of cash flows: Net cash provided by operating activities (including interest paid of $72,000) Net cash used in investing activities Financing activities $50,000 (54,000) Amounts borrowed Repayment of amounts borrowed Dividends paid $56,000 (25,000) (24,000) Net cash provided by financing activities Net increase in cash during the year 7,000 $ 3.000
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