Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 1 5 points Save A Below are selected financial data on EFG Industries Inc. Assume that other non-cash items are zero. Based on these

image text in transcribed
image text in transcribed
image text in transcribed
Question 1 5 points Save A Below are selected financial data on EFG Industries Inc. Assume that other non-cash items are zero. Based on these data, what is the cash from operating activities for 2018 for EFG? Select the best one. Income Statement for 2018 (in S-billions) Revenues $300.00 Cost of Goods Sold ($140.00) Gross Profit $160.00 Selling, General, and Administrative Expenses Research and Development Depreciation & Amortization Operating Income ($15.00) (510.00) ($55.00) $80.00 Other Income $3.00 $83.00 EBIT Interest Expense Pretax income (57.50) $75.50 151868) $56.63 Income Tax Net Income 11 PM Assets Cash & Short-Term Investments Accounts Receivable Inventory Other Current Assets Total Current Assets Balance Sheet (in S-billions) 2018 2017 Liabilities $30.00 $30,00 Accounts Payable $38.00 $36.00 Short-Term Debt $15.00 $12.00 Current Maturities of Long-Term Debt $4.00 $3.80 Other Current Liabilities $87.00 $81.80 Total Current Liabilities 2018 2017 $20.00 $22.00 $10.00 $9.50 $15.00 $14.25 $15.00 $14.25 $60.00 $60.00 Property, Plant & Equipment $120.00 $114,00 Long-Term Debt $80.00 $76.00 Less Accumulated Depreciation (540.00) ($38.00) Capital Lease Obligations $0.00 $0.00 Net Property, Plant & Equipment $80.00 $76.00 Total Debt $80.00 $76.00 Goodwill & Intangible Assets $5.00 $4.75 Deferred Taxes ($12.00) ($11.40) Other Long-Term Assets $17.00 $16.15 Other Long-Term Liabilities $22.00 $20.90 Total Liabilities $150.00 $145.50 Shareholders' Equity $39.00 $33.20 Total Assets $189.00 $178.70 Total Liabilities and Shareholders' Equity $189.00 $178.70 OL 510483 bilion O $114.63 billion OM 57.63 bilion O VS-5.38 bilion 412 PM 01. $104.63 billion O II. $114.63 billion O III. $78.63 billion O IV. $-5.38 billion

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

M Finance

Authors: Marcia Cornett, Troy Adair, John Nofsinger

3rd Edition

0077861779, 978-0077861773

More Books

Students also viewed these Finance questions

Question

Different types of Grading?

Answered: 1 week ago

Question

Explain the functions of financial management.

Answered: 1 week ago

Question

HOW MANY TOTAL WORLD WAR?

Answered: 1 week ago

Question

Discuss the scope of financial management.

Answered: 1 week ago