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someone please explain this throughly with explanations!!! cash flow please PRESTIG KORIDADES Putting in the hours to study the science of what you need Prestige
someone please explain this throughly with explanations!!!
cash flow please
PRESTIG KORIDADES "Putting in the hours to study the science of what you need" Prestige Worldwide Corporation Income Statement, 20X2 (in millions of dollars) $650 425 225 170 55 Sales Cost of goods sold. Gross margin Selling and administrative expenses Net operating income Nonoperating items: Gain on sale of investments Gain on sale of equipment Income before taxes Income taxes......... Net Income.. 1 8 64 15 $.49 Additional Information: The gain on sale of equipment consisted of the sale of equipment that had originally cost $25 million. The equipment was sold for cash. The equipment had accumulated depreciation of $6 million They also sold investments that originally cost $12 million for cash. investmento Additional information: It did not retire any bonds or repurchase any of its own common stock during the year, Investments 12 Cain on sale Cash 2 13 PRESTIGE WORLDWIDE "The First Word in Entertainment" Prestige Worldwide Corporation Comparative Balance Sheets (in Millions of dollars) 2012 20x Change $ 60 517 9 11 18 7 12 19 2 1 1 Cash Current Assets: Accounts receivable Inventory Prepaid Insurance Non-Current Assets Long-term Investments Property, plant and equipment Less accumulated depreciation Property, plant and equipment, net Total assets ; 3 58 133) 25 $126 5 47 018 29 599 2 11 15 $ 31 7 8 $37 6 10 Zabilities & Stockholders' Equity Current Liabilities: Accounts payable Accrued abilities Income taxes payable Non Current Liabilities: Bonds payable Stockholders' equity Common stock Retained earnings Total abilities and equity 17 15 OHN NOSIN 12 51 $126 12 9 $99 1 Step by Step Solution
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