Question
Use the following financial statements information and calculate MoonStars cash flow to creditors for 2019. MoonStar, Inc. 2019 Income Statement ($ in millions) Net sales
Use the following financial statements information and calculate MoonStars cash flow to creditors for 2019.
MoonStar, Inc.
2019 Income Statement ($ in millions)
| Net sales | $1,000.0 |
| Less: Cost of goods sold | $350.0 |
| Less: Depreciation expense | $120.0 |
| Less: Other expenses | $90.0 |
| Earnings before interest and taxes | $440.0 |
| Less: Interest paid | $100.0 |
| Taxable Income | $340.0 |
| Less: Taxes (40%) | $136.0 |
| Net income | $204.0 |
| Dividends | $28.8 |
| Additions to Retained Earnings | $175.2 |
MoonStar, Inc.
2018 and 2019 Balance Sheets ($ in millions)
|
| 2018 | 2019 |
| 2018 | 2019 |
| Cash | 40.0 | 50.0 | Accounts payable | 125.0 | 137.8 |
| Accounts rec. | 210.0 | 245.0 | Notes payable | 55.0 | 55.0 |
| Inventory | 300.0 | 315.0 | Total | 180.0 | 192.8 |
| Total | 550.0 | 610.0 | Long-term debt | 655.0 | 767.0 |
| Net fixed assets | 1060.0 | 1300.0 | Common stock | 665.0 | 665.0 |
|
|
|
| Retained earnings | 110.0 | 285.2 |
| Total assets | 1610.0 | 1910.0 | Total liab.& equity | 1610.0 | 1910.0 |
| a. | -$12.0 mil | |
| b. | -$10.9 mil | |
| c. | $39.4 mil | |
| d. | $28.2 mil |
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The Cyber Attack Survival Manual
Authors: Heather Vescent ,Nick Selby
1st Edition
1681886545, 978-1681886541
