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Use the above information to answer the following questions from a to e (Use direct method and show all calculations): [18M] Starbucks Company Income Statement
Use the above information to answer the following questions from a to e (Use direct method and show all calculations): [18M] Starbucks Company Income Statement For the Year Ended December 31, 2013 Starbucks Company Balance Sheet December 31, 2013 and 2012 12/31/13 Current Assets: Cash Rs 9200 Accounts Receivable 19.000 Supplies 2.400 Inventory 35000 Prepaid Insurance 2.800 Total Current Assets Rs 68400 Long-term Assets: Fixed Assets Rs 142.000 Accumulated Depreciation (60800) Patent 12.000 Total Long-term Assets Rs 93200 Total Assets Rs 161600 12/31/12 Rs 6.200 15800 4.200 37200 2.000 Rs 65400 Rs116.000 (53000) 14.000 Rs77000 Rs 142400 Sales Cost of Goods Sold Gross Profit Less Operating Expenses: Wage Expense Supply Expense Insurance Expense Depreciation Expense Amortization Expense Rent Expense Operating Income Interest Expense Income before Taxes Income Tax Expense Net Income Rs295000 (127600) Rs 167400 Rs80400 7.200 6,000 7800 2,000 10.800 Rs53200 (5200) Rs 48.000 (21.600) Rs 26.400 Current Liabilities: Accounts Payable Rs 12200 R$ 9800 Wages Payable 4.400 5200 Interest Payable 1600 2.000 Taxes Payable 4600 3000 Total Current Liabilities Rs 22800 Rs 20.000 Long-term Liabilities: Bonds Payable 40600 48000 Total Liabilities R$ 63400 R$ 68,000 Stockholders' Equity: Common Stock Rs 45400 Rs 40.000 Retained Income 52800 34400 Total Stockholders' Equity Rs 98200 Rs 74400 Total Liabilities and Stockholders' Equity Rs 161600 Rs 142400 (a) What was the cash collected from customers by Starbucks Company in 2013? (b) How much inventory did Starbucks Company purchase in 2013? (c) What was the cash paid to suppliers of inventory by Starbucks Company in 2013? (d) What was the cash paid to employees by Starbucks Company in 2013? (e) What was the cash paid for supplies by Starbucks Company in 2013? (1) Using direct method, compute the net cash used provided by operating activities? (Use the proper format of direct method)
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