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1) Calculate the Cash Flow From Assets (CFFA) for McBeth Pharmaceutical Company using both approaches. McBeth Pharmaceutical Company Income Statement Year Ended December 31,
1) Calculate the Cash Flow From Assets (CFFA) for McBeth Pharmaceutical Company using both approaches. McBeth Pharmaceutical Company Income Statement Year Ended December 31, 2020 (Amounts in Thousands) Revenue: Sales Revenue $710 Expenses: Cost of Goods Sold $340 Depreciation Expense 60 Interest Expenses 100 xes 100 Total Expense 600 Net Income $110 McBeth Pharmaceutical Company Statement of Financial Position December 31, 2019 and December 31, 2020 (Amounts in Thousands) Assets 2020 2019 Liabilities 2020 2019 Current: Current: Cash $ 19 $ 16 Accounts Payable $ 47 $ 42 Accounts Receivable 54 48 Salaries Payable 23 21 Inventory 80 84 Accrued Liabilities 8. 11 Prepaid Expenses 2 Long-Term Notes 66 68 Payable 90 Long-Term 75 Investments 225 185 Plant Assets, Net SHAREHOLDERS' 40 37 EQUITY 272 246 Common Shares Retained Earnings Total Liabilities and Total Assets $456 $425 Shareholders' Equity $456 $425
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