Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

USE THE FOLLOWING DATA TO ANSWER QUESTIONS 35 - 40 35. Net fixed assets in 2019 were $__________. 36. COGS in 2018 was $__________. 37.

USE THE FOLLOWING DATA TO ANSWER QUESTIONS 35 - 40

35. Net fixed assets in 2019 were $__________.

36. COGS in 2018 was $__________.

37. The debt ratio for 2019 was ____%.

38. Cash flow from operating activities in 2019 was $________.

39. Cash flow from investing activities in 2019 was $__________.

40. Cash flow from financing activities in 2019 was $__________.

2018 2019

Sales 524,600 562,000

COGS ???? 149,600

Gross profit 381,000 412,400

Oper. exp 234,200 251,100

Depreciation 15,000 16,610

Operating profit 131,800 144,690

Interest exp. 9,500 10,600

EBT 122,300 134,090

Taxes 34,910 42,880

Net Income 87,390 91,210

2018 2019

Cash 440,200 475,800

Accounts receivable 278,400 248,900

Inventories 293,500 317,500

Current Assets 1,012,100 1,042,200

Net fixed assets 1,125,000 ???

Land 100,200 126,000

Total Assets 2,237,300 2,357,400

Notes payable 250,000 178,000

Accounts payable 110,200 118,500

Accruals 12,900 16,100

Current portion of long-term debt 100,200 195,100

Current Liabilities 473,300 507,700

Long-term debt 1,000,000 900,000

Common stock @ ($0.25 par) 25,000 28,900

Additional paid in capital 500,000 612,100

Retained earnings 239,000 308,700

Total Liabilities & Equity 2,237,300 2,357,400

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

Step: 3

blur-text-image

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

Analysis for Financial Management

Authors: Robert C. Higgins

10th edition

007803468X, 978-0078034688

More Books

Students also viewed these Finance questions

Question

How often do you meet with your graduate students?

Answered: 1 week ago

Question

What is the controllable income formula or model? pk5

Answered: 1 week ago