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The Persico Company balance sheets and income statements for the last two years are presented below Required: complete the sgtatement of cash flows in the
The Persico Company balance sheets and income statements for the last two years are presented below Required: complete the sgtatement of cash flows in the template below. (10 points) 2019 2020 $125 $160 balance sheet as of Dec 31 cash and cash equivalents accounts receivable inventories $1,130 $1.290 $1,980 $1,840 PP&E $6,500 $6.650 total assets $9.735 $9.940 accounts payable $820 $735 long term interest bearing debt (LTD) $6,000 $6,400 total liabilities $6,820 $7,135 common stock $1,370 $1,370 $1.545 $1,435 retained earnings total stookholders equity $2.915 $2,805 income statement for year ending 2019 2020 revenues $18.400 $19,200 CGS $11,300 $12.150 gross profit $7,100 $7,050 SG&A $2,900 $3,060 operating profit $4,200 $3.990 interest expense $220 $190 pretax income $3,980 $3,800 income taxes $1,592 $1,520 net income $2,388 $2.280 2020 net income depreciation $575 A accounts receivable + A inventories A accounts payable CF from operating activities CAPEX (purchase of PP&E) dividends new borrowing or repayment of debt CF from financing activities net cash flow
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