Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Rebecky's Flowers 4U, Inc., had free cash flows during 2012 of $60 million, EBIT of $140 million, tax expense paid on its EBIT of $24

image text in transcribed
Rebecky's Flowers 4U, Inc., had free cash flows during 2012 of $60 million, EBIT of $140 million, tax expense paid on its EBIT of $24 million, and depreciation of $14 million. Using this information, calculate the missing amounts on Rebecky's balance sheet below. (Enter your answers in millions of dollars.) a. 2012 Accounts Payable: $ mil b. 2012 Total Current Liabilities: $ mil C. 2012 Long-term Debt: $ mil Balance Sheet as of December 31, 2012 and 2011 (in millions of dollars) 2012 2011 Current assets: Current liabilites: 2012 2011 Cash & marketable securities $ 27.00 $ 24,00 Accrued wages & taxes $ 32.00 $ 30.00 Accounts receivable Inventory Total CA Fixed assets: Gross plant & equipment $ 78.00 $ 136.00 $ 241.00 $ 70.00 $ 68.00 Accounts payable $118.00 Notes payable $ 210.00 Total CL Long-term debt: $350.00 Equity $ 40.00 $ 70.00 $ 140.00 $ 175.00 $ 400,00 Less: Depreciation $ 84,00 $ 70.00 Preferred stock (5 mil shares) $ 5.00 $ 5.00 Click Save and submit to save and submit Chicles All Rebecky's Flowers 4U, Inc., had free cash flows during 2012 of $60 million, EBIT of $140 million, tax expense paid on its EBIT of $24 million, and depreciation of $14 million. Using this information, calculate the missing amounts on Rebecky's balance sheet below. (Enter your answers in millions of dollars.) a. 2012 Accounts Payable: $ mil b. 2012 Total Current Liabilities: $ mil C. 2012 Long-term Debt: $ mil Balance Sheet as of December 31, 2012 and 2011 (in millions of dollars) 2012 2011 Current assets: Current liabilites: 2012 2011 Cash & marketable securities $ 27.00 $ 24,00 Accrued wages & taxes $ 32.00 $ 30.00 Accounts receivable Inventory Total CA Fixed assets: Gross plant & equipment $ 78.00 $ 136.00 $ 241.00 $ 70.00 $ 68.00 Accounts payable $118.00 Notes payable $ 210.00 Total CL Long-term debt: $350.00 Equity $ 40.00 $ 70.00 $ 140.00 $ 175.00 $ 400,00 Less: Depreciation $ 84,00 $ 70.00 Preferred stock (5 mil shares) $ 5.00 $ 5.00 Click Save and submit to save and submit Chicles All

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

Analysis for Financial Management

Authors: Robert Higgins

11th edition

77861787, 978-0077861780

More Books

Students also viewed these Finance questions