Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Rebecky's Flowers 4U, Inc., had free cash flows during 2021 of $40 million, NOPAT of $80 million, and depreciation of $10 million. Using this information,

Rebecky's Flowers 4U, Inc., had free cash flows during 2021 of $40 million, NOPAT of $80 million, and depreciation of $10 million. Using this information, fill in the blanks on Rebecky's balance sheet below. (Enter your answers in millions of dollars.) Assets Current assets: Cash and marketable securities Accounts receivable Inventory Total Fixed assets: Gross plant and equipment Less: Depreciation Net plant and equipment Other long-term assets Total Total assets . $ $ $ LASA $ 2021 343 $ 40 $ 303 $ 40 343 $ 565 $ REBECKY'S FLOWERS 4U, INC. Balance Sheet as of December 31, 2021 and 2020 (in millions of dollars) 23 $ 70 129 222 $ LALA $ 2020 20 60 110 190 Liabilities and Equity Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total Long-term debt: 310 Stockholders' equity: 30 Preferred stock (4 million shares) Common stock and paid-in surplus (30 million shares) 280 40 Retained earnings 320 Total 510 Total liabilities and equity $ $ 2021 $ SS $ 12 $ 50 10 60 50 $ 120 176 SS $ 2020 4 $ 60 187 251 $ 565 $ 4 60 150 214 510
image text in transcribed
Rebecky's Flowers 4U, Inc, had free cash flows during 2021 of $40 million, NOPAT of $80 million, and depreciation of $10 million. Using this information, fill in the blanks on Rebecky's balance sheet below. (Enter your answers in millions of dollars.)

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

The Mining Valuation Handbook Mining And Energy Valuation For Investors And Management

Authors: Victor Rudenno

4th Edition

0730377075, 978-0730377078

More Books

Students also viewed these Finance questions

Question

identify and avoid the potential problems.

Answered: 1 week ago

Question

Write down the Limitation of Beer - Lamberts law?

Answered: 1 week ago

Question

Discuss the Hawthorne experiments in detail

Answered: 1 week ago

Question

Explain the characteristics of a good system of control

Answered: 1 week ago

Question

State the importance of control

Answered: 1 week ago