Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

use formulas to fill out the tables Balance Sheets For the Years 2015 and 2016 Income statements For the Years 2015 and 2016 Statement of

use formulas to fill out the tablesimage text in transcribed

Balance Sheets For the Years 2015 and 2016 Income statements For the Years 2015 and 2016 Statement of Financial Cash Flows For Year 2016 2016 2015 2016 2015 2016 Cash Flow from Assets Net Income Depreciation Expense Interest Expense Operating Cash Flow es Cost of Goods Sold Gross Profit Depreciation Expense 65,061 26404 25,484 24,139 24,419 Total Current Assets Gross fixed asset:s Accumulated depreciation 45,088 13,341 3,195 3,085 2,646 2,402 Selling & Admin Expense Change in Current Assets Change in Accounts Payable Change in Net Working Capital 12,491 Net Operating Income 1,429 Net Fixed Assets Total assets Interest Expense 950 Earnings Before Taxes 74 Taxes $13,406 Net Income Ending Net Fixed Assets Depreciation Expense Beginning Net Fixed Assets Net Capital Expenditures Accounts payable Notes payable 2,346 Total Current Liabilities Notes: Long-term debt 9,072 Tax Rate 30.0% 30.0% Total Liabilities Common stock Additional paid in capital Retained earnings 2,000 32,293 73,586 2,500 Net Cash Flow from Assets 77,760 ash Flow to Creditors Interest Paid Total Equity Total Liabilities & Equity -1,589 2,450 Net issues of short-term debt Net issues of long-term debt Net debt issues Net Cash Flow to Creditors 159 ash Flow to Stock Dividends Paid ers Net Proceeds from Issuing Stock Net Cash Flow to Stockholders 12 3 45 67

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

Performance Auditing A Measurement Approach

Authors: Ronell B. Raaum, Stephen L. Morgan

4th Edition

ISBN: 0894134647, 978-0894134647

More Books

Students also viewed these Accounting questions