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The following financial statements are for Target FY2021 and FY2020. Calculate the cash flows from operations as it would appear on the FY2021 statement of
The following financial statements are for Target FY2021 and FY2020. Calculate the cash flows from operations as it would appear on the FY2021 statement of cash flows.
Income Statement | Balance Sheet | ||||
FY2021 | FY2021 | FY2020 | |||
Sales | 106,005 | Cash | 5911 | 8511 | |
COGS | 74,963 | Inventory | 13902 | 10653 | |
SGA | 19,752 | Other Current Assets | 1760 | 1592 | |
Deprec. | 2,344 | Total Current Assets | 21573 | 20756 | |
EBIT | 8,946 | Net PPE | 32238 | 30492 | |
Interest Expense | 39 | Total Assets | 53811 | 51248 | |
EBT | 8,907 | ||||
Taxes | 1,961 | Accounts Payable | 15478 | 12859 | |
Net Income | 6,946 | Other CL | 6098 | 6122 | |
Current portion of LTD | 171 | 1144 | |||
Dividends | 8,648 | Total CL | 21747 | 20125 | |
Long-term Debt | 19,237 | 16,683 | |||
Total Liab. | 40984 | 36808 | |||
Common Stock | 6460 | 6371 | |||
Retained Earnings | 6367 | 8069 | |||
Total Equity | 12827 | 14440 | |||
Total L and E | 53811 | 51248 |
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