Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use the balance sheet and income statement below: VALIUM'S MEDICAL SUPPLY CORPORATION Balance Sheet as of December 31, 2021 and 2020 (in thousands of

image text in transcribedimage text in transcribed

Use the balance sheet and income statement below: VALIUM'S MEDICAL SUPPLY CORPORATION Balance Sheet as of December 31, 2021 and 2020 (in thousands of dollars) Assets 2021 2020 Liabilities and Equity 2021 2020 Current assets: Current liabilities: Cash and marketable securities $ 80 $ Accounts receivable Inventory 194 320 79 189 Accrued wages and taxes Accounts payable $ 61 $ 49 156 149 299 Notes payable 139 139 Total Fixed assets: Gross plant and equipment Less: Accumulated depreciation Net plant and equipment Other long-term assets Total Total assets $ 935 150 $1,085 $1,679 $ 594 $ 567 Total $ 356 $ 337 Long-term debt $ 606 $ 572 $1,097 162 $ 898 Stockholders' equity: 121 $ 777 150 $ 927 $1,494 Total Preferred stock (6 thousand shares) Common stock and paid-in surplus (100 thousand shares) Retained earnings Total liabilities and equity $ 6 $ 6 120 120 591 459 $ 717 $ 585 $1,679 $1,494 VALIUM'S MEDICAL SUPPLY CORPORATION Income Statement for Years Ending December 31, 2021 and 2020 (in thousands of dollars) Net sales Less: Cost of goods sold Gross profits Less: Other operating expenses Earnings before interest, taxes, depreciation, and amortization (EBITDA) Less: Accumulated depreciation Earnings before interest and taxes (EBIT) Less: Interest Earnings before taxes (EBT) Less: Taxes Net income Less: Preferred stock dividends Net income available to common stockholders Less: Common stock dividends Addition to retained earnings Per (common) share data: Earnings per share (EPS) Dividends per share (DPS) Book value per share (BVPS) Market value (price) per share (MVPS) 2021 $ 908 397 $ 511 55 2020 $ 818 360 $ 458 49 $ 456 41 $ 409 39 $ 415 56 $ 370 50 $ 359 75 $ 320 67 $ 284 $ 253 $ 6 $ 6 $ 278 $ 247 146 146 $ 132 $ 101 $2.78 $2.47 $1.46 $1.46 $7.11 $5.79 $8.14 $6.27 Prepare a statement of cash flows for Valium's Medical Supply Corporation. (Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.)

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_2

Step: 3

blur-text-image_3

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

Introduction To Derivatives And Risk Management

Authors: Don M. Chance, Robert Brooks

10th Edition

130510496X, 978-1305104969

More Books

Students also viewed these Finance questions