Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Rebecky's Flowers 4U, Inc., had free cash flows during 2021 of $60 million, NOPAT of $116 million, and depreciation of $14 million. Using this information,
Rebecky's Flowers 4U, Inc., had free cash flows during 2021 of $60 million, NOPAT of $116 million, and depreciation of $14 million. Using this information, fill in the blanks on Rebecky's balance sheet below. (Enter your answers in millions of dollars.) Assets 2021 2020 $ 32 $ 30 40 70 70 REBECKY'S FLOWERS 4U, INC. Balance Sheet as of December 31, 2021 and 2020 (in millions of dollars) 2021 2020 Liabilities and Equity Current liabilities: $ 27 $ 24 Accrued wages and taxes 78 68 Accounts payable 136 118 Notes payable $ 241 $ 210 Total Long-term debt: $ 400 $ 350 Stockholders' equity: 84 70 Preferred stock (5 million shares) $ 316 $ 280 Common stock and paid-in surplus (40 million shares) 80 80 Retained earnings $ 396 $ 360 Total $ 637 $ 570 Total liabilities and equity $ 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 140 $ 175 $ 5 $ 5 80 80 207 170 255 $ $ 292 $ 637 $ Total assets 570
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started