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The following income statement is from a competitor, however, it is incomplete as they are not a public company and some values are hard to
The following income statement is from a competitor, however, it is incomplete as they are not a public company and some values are hard to find (these are marked as UNKNOWN). XYZ Corporation - Income Statements (000's) 2019 1010 Revenue Allowance for Adjustments & Warranty Net Revenue 9 1001 Cost of Goods Sold Contribution Margin 590 411 Sales, General, and Administrative Expenses All items except Depreciation Depreciation 202 UNKNOWN UNKNOWN Operating Income Other Income 16 Net Income 189 As you boss knows that you have a solid financial management acumen, she asked you to see if you can find out the following things (a) What is the Cash Flow from Operations? (b) What is the Net Cash Flow? (c) You also found out that the company above paid $125 thousand in dividends to its owners. If it had the retained earnings of $194 thousand at the end of 2018, what were its retained earnings at the end of 20197
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