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 dollars)

image text in transcribed

image 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 2020 Current assets: Current liabilities: $ 77 $ 56 $ 46 Cash and marketable securities Accounts receivable 76 186 Accrued wages and taxes Accounts payable 153 146 191 322 Inventory 296 Notes payable 136 136 Total $ 590 $ 558 345 $ 328 Total Long-term debt. Fixed assets: $ 597 $ 566 Gross plant and equipment $ 892 Stockholders' equity: Less: Accumulated depreciation 118 Preferred stock (6 thousand shares) $ 6 $ Net plant and equipment $1,088 156 932 $ 144 144 $1,076 $ 918 $ 774 Common stock and paid-in surplus (100 thousand shares) Retained earnings 120 598 6 120 456 $ 582 Other long-term assets Total Total $ 724 $1,666 Total assets $1,666 $1,476 Total liabilities and equity $1,476 VALIUM'S MEDICAL SUPPLY CORPORATION Income Statement for Years Ending December 31, 2021 and 2020 (in thousands of dollars) 2021 2020 Net sales $ 812 $ 902 394 Less: Cost of goods sold 357 Gross profits $ 508 $ 455 Less: Other operating expenses 52 46 Earnings before interest, taxes, depreciation, and amortization (EBITDA) $ 456 $ 409 Less: Accumulated depreciation 38 36 $ 418 $ 373 Earnings before interest and taxes (EBIT) Less: Interest 47 Earnings before taxes (EBT) 53 $365 77 $ 326 Less: Taxes 68 Net income $ 288 $ 258 Less: Preferred stock dividends $ 6 $ 6 Net income available to common stockholders $ 282 $ 252 Less: Common stock dividends 140 140 $ 142 $ 112 Addition to retained earnings. Per (common) share data: $2.82 $2.52 Earnings per share (EPS) Dividends per share (DPS) $1.40 $1.40 Book value per share (BVPS) $7.18 $5.76 Market value (price) per share (MVPS) $8.21 $6.24 $ $ 2021 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.) Statement of Cash Flows for Year Ending December 31, 2021 (in thousands of dollars) Cash flows from operating activities Additions (sources of cash): Subtractions (uses of cash): Net cash flow from operating activities Cash flows from investing activities Subtractions: Net cash flow from investing activities Cash flows from financing activities Additions: Subtractions: Net cash flow from financing activities Net change in cash and marketable securities

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

Corporate Treasury And Cash Management

Authors: Robert Cooper

1st Edition

1349512699, 9781349512690

More Books

Students also viewed these Finance questions

Question

How would I "Analyze the capital structure of the firm"

Answered: 1 week ago