Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

rive Below are Laiho Industries' 2017 and 2018 balance sheet items: 2018 2017 Cash $ 102,850.00 $ 89,725.00 Accounts Receivable $ 103,365.00 85,527.00 Long-Term

image text in transcribedimage text in transcribed

rive Below are Laiho Industries' 2017 and 2018 balance sheet items: 2018 2017 Cash $ 102,850.00 $ 89,725.00 Accounts Receivable $ 103,365.00 85,527.00 Long-Term Debt $ 76,264.00 $ 63.914.00 Accounts Payable $ 30,761.00 $ 23,109.00 Common Stock (total $ 100,000.00 $ 90,000.00 value) Notes Payable 16,717.00 $ 14,217.00 Net Fixed Assets 167,165.00 42,436.00 Accruals 30,477.00 $ 22,656.00 Inventories $ 38,444.00 $ 34,982.00 Retained Earnings $ 57,605.00 $ 38,774.00 Sales for 2018 were $455,150, and EBITDA was 15% of sales. Furthermore, depreciation and amortization were 11% of net fixed assets, interest was $8,575, the corporate tax rate was 40%, and Laiho pays 40% of its net income as dividends. Given this information, construct the firm's 2018 income statement, statement of cash flows, and statement of owner's equity. Then answer the questions below. Round your answers to the nearest whole number. ents ok ams ams Incorrect Question 9 What is NOWC for 2017? 235,867 Incorrect Question 10 What is the NOWC for 2018? 166,703 eDrive Incorrect Question 11 0/1 pts 0/1 pts 0/1 pts What is the free cash flow for 2018? (For a negative cash flow, use a negative sign before the number) 3,329

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Managerial Accounting Tools for Business Decision Making

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly

4th Canadian edition

978-1118856994

Students also viewed these Accounting questions

Question

What are the objectives of Human resource planning ?

Answered: 1 week ago

Question

Explain the process of Human Resource Planning.

Answered: 1 week ago