Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

trouble with statement of cash flows Income Statement WFH Bookstore Income Statement Income Statement Sales Less: Cost of Goods Sold Gross Profit Less: Other Operating

trouble with statement of cash flows image text in transcribed
image text in transcribed
image text in transcribed
Income Statement WFH Bookstore Income Statement Income Statement Sales Less: Cost of Goods Sold Gross Profit Less: Other Operating Expenses EBITDA (Earnings Before Interest, Taxes, Depreciation & Amz) Less: Depreciation & Amortization EBIT (Earnings Before Interest & Taxes) Less: Interest EBT(Earnings Before Taxes, i.e. Taxable income) Less: Taxes Net Income Less: Common Stock Dividends Addition to Retained Earnings 2018 $ 325 $ (81) $ 244 $ (125) $ 119 $ (50) 69 $ (35) (5) Balance Sheet Assets Current Assets Cash Accounts Receivable Inventory Total WEH Bookstore Balance Sheet 2018 2017 Liabilities & Equity 2018 2017 $ 64 $ 50 Current Liabilities Accrued Wages & Taxes $ 50$ 35 Accounts Payable 6 755 50 Notes Payable 6 50 40 $ 189'$ 135 Total $ 120 $ 95 150 100 Long-Term Debt 56015 $ 70) $ (20) $ 80 $ 80 Stockholder's Equity Common Stock* $ 20 $ 20 Retained Earnings $ 69 $ 50 Total Equity S 89 15 70 $ 269 $ 215 Total Liabilities & Equity $ 269 $ 215 Fixed Assets Plant & Equipment Less: Depreciation Net Total Fixed Assets Total Assets Cash Flows from Operating Activities Questions Please prepare aa 2018 Statement of Cash Flows for WFH Bookstore. Please then answer the following questions. # Question Answer 1 What were total 2018 Cash From Operating Activities? Cash Flows from Investing Activities 2 What were total 2018 Net Change in Cash & Marketable Securities? Cash Flows from Financing Activitie: What was the actual change in Cash & Marketable Securities on the Balance Sheet? Net Change in Cas! Marketable Securi

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Ethical Obligations And Decision Making In Accounting Text And Cases

Authors: Steven Mintz

6th Edition

1264135947, 9781264135943

More Books

Students also viewed these Accounting questions