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this problem is split into six questions based upon the financial statements given. any assistance with this will be much appreciated. thanks. You are given
this problem is split into six questions based upon the financial statements given. any assistance with this will be much appreciated. thanks.
You are given the following information for X Corporation, including an income statement, a balance sheet, and a statement of cash flow. You are also given a Penman Decomposition. And are asked to answer a number of questions. PriorCurrent Year Income Statement Year 36,251 38,567 (18.121)(17,156) 4,158) (5,211) (1,896) (2,011) Sales Cost of sales Operating expense Depreciation expense Tax on operating profit Net operating profit after tax Net interest expense, net of tax Net income ,246 8,424 6,662 801 Balance Sheet Cash Accounts receivable Inventory Marketable securities Net fixed assets Total assets 901 1,802 2,016 1,456 927 1,915 2,435 2,821 21 29,88 Accounts payable 1,313 1,211 2,014 Accrued expense Long term debt Common stock Retained earnings Treasury stock 2,321 16,983 12,033 1,502 1,502 5,556 13,211 (862 (1,465) Accumulated other comp. inc. Total liabilities and equity25,829 29.885 Statement of cash flows for the current year Net income Accounts receivable Inventory Accounts payable Accrued expense Depreciation expense Cash flow from operations 801 (113) 419) 102 307 2,011 68 Fixed asset additions (Purchase) of marketable sec. Increase in AOCI Cash flow from investment (4,144) (1,365) (4.950) (146) Long term debt retired Dividends paid Treasury stock purchased Cash flow from financing activities Net cash flowStep by Step Solution
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