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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 $ 90 $ 89 Accrued wages and taxes $ 66 $ 59
Accounts receivable 208 199 Accounts payable 168 159
Inventory 330 309 Notes payable 149 149

Total $ 628 $ 597 Total $ 383 $ 367
Fixed assets: Long-term debt: $ 656 $ 592
Gross plant and equipment $ 1,127 $ 918 Stockholders equity:
Less: Depreciation 182 131 Preferred stock (6 thousand shares) $ 6 $ 6

Common stock and paid-in surplus 120 120
Net plant and equipment $ 945 $ 787 (100 thousand shares)
Other long-term assets 170 170 Retained earnings 578 469

Total $ 1,115 $ 957 Total $ 704 $ 595

Total assets $ 1,743 $ 1,554 Total liabilities and equity $ 1,743 $ 1,554

VALIUMS MEDICAL SUPPLY CORPORATION Income Statement for Years Ending December 31, 2015 and 2014 (in thousands of dollars)
2015 2014
Net sales $ 928 $ 838
Less: Cost of goods sold 407 370

Gross profits $ 521 $ 468
Less: Other operating expenses 65 59
Earnings before interest, taxes, depreciation, and amortization (EBITDA) $ 456 $ 409
Less: Depreciation 51 49

Earnings before interest and taxes (EBIT) $ 405 $ 360
Less: Interest 66 60

Earnings before taxes (EBT) $ 339 $ 300
Less: Taxes 149 129

Net income $ 190 $ 171

Less: Preferred stock dividends $ 6 $ 6

Net income available to common stockholders $ 184 $ 165
Less: Common stock dividends 75 75

Addition to retained earnings $ 109 $ 90
Per (common) share data:
Earnings per share (EPS) $ 1.84 $ 2
Dividends per share (DPS) $ 0.75 $ 0.75
Book value per share (BVPS) $ 6.98 $ 5.89
Market value (price) per share (MVPS) $ 8.01 $ 6.37

image text in transcribed

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. Leave no cells blank . be certain to enter "O" wherever required.) Statement of Cash Flows for Year Ending December 31, 2015 (in thousands of dollars) A. Cash flows from operating activities (Click to select) Additions (sources of cash (Click to select) (Click to select) (Click to select) Subtractions (uses of cash (Click to select) (Click to select) Net cash flow from operating activities B. Cash flows from investing activities Subtractions (Click to select) (Click to select) Net cash flow from investing activities C. Cash flows from financing activities Additions (Click to select) (Click to select) (Click to select) Subtractions (Click to select) (Click to select) Net cash flow from financing activities D. Net change in cash and marketable securities

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