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Use the balance sheet and income statement below: VALIUMS MEDICAL SUPPLY CORPORATION Balance Sheet as of December 31, 2015 and 2014 (in thousands of dollars)
Use the balance sheet and income statement below: |
VALIUMS MEDICAL SUPPLY CORPORATION Balance Sheet as of December 31, 2015 and 2014 (in thousands of dollars) | ||||||||||||||
2015 | 2014 | 2015 | 2014 | |||||||||||
Assets | Liabilities and Equity | |||||||||||||
Current assets: | Current liabilities: | |||||||||||||
Cash and marketable securities | $ | 83 | $ | 82 | Accrued wages and taxes | $ | 68 | $ | 52 | |||||
Accounts receivable | 202 | 192 | Accounts payable | 167 | 152 | |||||||||
Inventory | 326 | 302 | Notes payable | 142 | 142 | |||||||||
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Total | $ | 611 | $ | 576 | Total | $ | 377 | $ | 346 | |||||
Fixed assets: | Long-term debt: | $ | 610 | $ | 578 | |||||||||
Gross plant and equipment | $ | 1,106 | $ | 904 | Stockholders equity: | |||||||||
Less: Depreciation | 168 | 124 | Preferred stock (6 thousand shares) | $ | 6 | $ | 6 | |||||||
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| Common stock and paid-in surplus | 120 | 120 | ||||||||
Net plant and equipment | $ | 938 | $ | 780 | (100 thousand shares) | |||||||||
Other long-term assets | 156 | 156 | Retained earnings | 592 | 462 | |||||||||
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Total | $ | 1,094 | $ | 936 | Total | $ | 718 | $ | 588 | |||||
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Total assets | $ | 1,705 | $ | 1,512 | Total liabilities and equity | $ | 1,705 | $ | 1,512 | |||||
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VALIUMS MEDICAL SUPPLY CORPORATION Income Statement for Years Ending December 31, 2015 and 2014 (in thousands of dollars) | |||||||
2015 | 2014 | ||||||
Net sales | $ | 914 | $ | 824 | |||
Less: Cost of goods sold | 400 | 363 | |||||
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Gross profits | $ | 514 | $ | 461 | |||
Less: Other operating expenses | 58 | 52 | |||||
Earnings before interest, taxes, depreciation, and amortization (EBITDA) | $ | 456 | $ | 409 | |||
Less: Depreciation | 44 | 42 | |||||
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Earnings before interest and taxes (EBIT) | $ | 412 | $ | 367 | |||
Less: Interest | 59 | 53 | |||||
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Earnings before taxes (EBT) | $ | 353 | $ | 314 | |||
Less: Taxes | 142 | 122 | |||||
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Net income | $ | 211 | $ | 192 | |||
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Less: Preferred stock dividends | $ | 6 | $ | 6 | |||
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Net income available to common stockholders | $ | 205 | $ | 186 | |||
Less: Common stock dividends | 75 | 75 | |||||
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Addition to retained earnings | $ | 130 | $ | 111 | |||
Per (common) share data: | |||||||
Earnings per share (EPS) | $ | 2.05 | $ | 2 | |||
Dividends per share (DPS) | $ | 0.75 | $ | 0.75 | |||
Book value per share (BVPS) | $ | 7.12 | $ | 5.82 | |||
Market value (price) per share (MVPS) | $ | 8.15 | $ | 6.30 | |||
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Prepare a statement of cash flows for Valiums Medical Supply Corporation. (Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign. Leave no cells blank - be certain to enter "0" wherever required.) |
Statement of Cash Flows for Year Ending December 31, 2015 (in thousands of dollars) | |
A. Cash flows from operating activities | |
Net Income | $ |
Additions (sources of cash): | |
Depreciation | |
Increase in accrued wages and taxes $ Increase in accounts payable $ | |
Subtractions (uses of cash): | |
Increase in accounts receivabe $ | |
Increase in inventory $ | |
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Net cash flow from operating activities | $ |
B. Cash flows from investing activities | |
Subtractions: | |
Increase in fixed assets $ | |
Increase in other long-term assets $ | |
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Net cash flow from investing activities | $ |
C. Cash flows from financing activities | |
Additions: | |
Increase in notes payable $ | $ |
Increase in long-term debt $ | |
Increase in common and preferred stock $ | |
Subtractions: | |
(Click to select)Preferred stock dividends $ | |
Common stock dividends $ | |
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Net cash flow from financing activities | $ |
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D. Net change in cash and marketable securities | $ |
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