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Q1. (25 marks) Organic, Inc. 2015 Income Statement Net sales $12,400 Cost of goods sold 9,100 Depreciation 1,800 Earnings before interest and 1,500 LARES Interest
Q1. (25 marks) Organic, Inc. 2015 Income Statement Net sales $12,400 Cost of goods sold 9,100 Depreciation 1,800 Earnings before interest and 1,500 LARES Interest paid 300 Taxable income S1.160 Taxes 406 Net Income $754 Dividends $301.60 Addition to retained earnings 5452.40 Organk, Inc. 2015 Balance Sheet Cash 990 Accounts Payable $1.330 Accounts Rec 840 Long-term debe Inventory 620 Common stock 4.600 Total 52.450 Retained earnings 2.840 Net fixed assets10,020 Total assets $12,470 Total Liabilities & equity S12.470 Calculate the CFFA through both formulas. Q1. (25 marks) Organic, Inc. 2015 Income Statement Net sales $12,400 Cost of goods sold 9,100 Depreciation 1,800 Earnings before interest and 1,500 LARES Interest paid 300 Taxable income S1.160 Taxes 406 Net Income $754 Dividends $301.60 Addition to retained earnings 5452.40 Organk, Inc. 2015 Balance Sheet Cash 990 Accounts Payable $1.330 Accounts Rec 840 Long-term debe Inventory 620 Common stock 4.600 Total 52.450 Retained earnings 2.840 Net fixed assets10,020 Total assets $12,470 Total Liabilities & equity S12.470 Calculate the CFFA through both formulas
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