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Rebeckys Flowers 4U, Inc., had free cash flows during 2015 of $70 million, NOPAT of $113 million, and depreciation of $27 million. Using this information,
Rebeckys Flowers 4U, Inc., had free cash flows during 2015 of $70 million, NOPAT of $113 million, and depreciation of $27 million. Using this information, calculate the missing amounts on Rebeckys balance sheet below. (Enter your answers in millions of dollars.) |
REBECKYS FLOWERS 4U, INC. Balance Sheet as of December 31, 2015 and 2014 (in millions of dollars) | ||||||||||||||
2015 | 2014 | 2015 | 2014 | |||||||||||
Assets | Liabilities and Equity | |||||||||||||
Current assets: | Current liabilities: | |||||||||||||
Cash and marketable securities | $ | 40 | $ | 37 | Accrued wages and taxes | $ | 27 | $ | 25 | |||||
Accounts receivable | 104 | 94 | Accounts payable | 50 | ||||||||||
Inventory | 143 | 129 | Notes payable | 80 | 80 | |||||||||
Total | $ | 287 | $ | 260 | Total | $ | $ | 155 | ||||||
Fixed assets: | Long-term debt: | $ | $ | 386 | ||||||||||
Gross plant and equipment | $ | 590 | $ | 540 | Stockholders equity: | |||||||||
Less: Depreciation | 77 | 50 | Preferred stock (4 million shares) | $ | 4 | $ | 4 | |||||||
Common stock and paid-in surplus | 40 | 40 | ||||||||||||
Net plant and equipment | $ | 513 | $ | 490 | (20 million shares) | |||||||||
Other long-term assets | 70 | 70 | Retained earnings | 272 | 235 | |||||||||
Total | $ | 583 | $ | 560 | Total | $ | 316 | $ | 279 | |||||
Total assets | $ | 870 | $ | 820 | Total liabilities and equity | $ | 870 | $ | 820 | |||||
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