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Quiz 2 Conduct a complete Cash Flow Analysis for Hacker Corp for the year 2022. Show all work. Hacker Corp Income Statement 2022 ($
Quiz 2 Conduct a complete Cash Flow Analysis for Hacker Corp for the year 2022. Show all work. Hacker Corp Income Statement 2022 ($ millions) Sales $3,756 Cost of goods sold 2,453 Depreciation 490 Earnings before interest and taxes. $ 813 Interest paid 613 Taxable income $ 200 Taxes (21%) 42 Net income $ 158 Hacker Corp Balance Sheets as of Dec. 31 ($ millions) 2021 2022 2021 2022 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 120 $ 88 Accounts payable Accounts receivable 224 192 Notes payable Inventory 424 368 Total Total $ 768 $ 648 Long-term debt $ 124 $144 1,412 1,039 $1,536 $1,183 $1.804 $2,077 Fixed assets Owners' equity Net plant and equipment $5.228 $5,354 Common stock and paid-in surplus $ 300 $ 300 Retained earnings 2.356 2.442 Total $2,656 $2,742 Total assets $5.996 $6,002 Total liabilities and owners' equity $5.996 $6.002
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