Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use the following information to find dividends paid to common stockholders during 2 0 2 Problem 2 - 3 5 Spreadsheet Problem: Free Cash Flow

Use the following information to find dividends paid to common stockholders during 202Problem 2-35 Spreadsheet Problem: Free Cash Flow (LG2-5)
Rebecky's Flowers 4U, Incorporated, had free cash flows during 2024 of $63 million, NOPAT of $123 million, and depreciation of $17 million. Using this information, fill in the blanks on Rebecky's balance sheet below.
Note: Enter your answers in millions of dollars. (i.e., Enter 10,000,000 as 10.)
\table[[REBECKY'S FLOWERS 4U, INCORPORATED],[Balance Sheet as of December 31,2024 and 2023],[(in millions of dollars)],[Assets,2024,2023,Liabilities and Equity,2024,2023],[Current assets:,Current liabilities:],[Cash and marketable securities,$,30,$,27,Accrued wages and taxes,$,12,$,10],[Accounts receivable,,84,,74,Accounts payable,,,,70],[Inventory,,137,,119,Notes payable,,85,,85],[Total,$,251,$,220,Total,,,$,165],[Fixed assets:,Long-term debt:,,,$,174],[Gross plant and equipment,$,430,$,380,Stockholders' equity:],[Less: Accumulated depreciation,,67,,50,Preferred stock (6 million shares),$,6,$,6],[Net plant and equipment,$,363,$,330,Common stock and paid-in surplus (30 million shares),,60,,60],[Other long-term assets,,40,,40,Retained earnings,,222,,185],[Total,$,403,$,370,Total,$,288,$,251],[Total assets,$,654,$,590,Total liabilities and equity,$,654,$,590]]
image text in transcribed

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

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, George Foster, Srikant M. Datar

9th Edition

0306457229, 978-0306457227

More Books

Students also viewed these Accounting questions

Question

I would have had to wait a long time for a reply.

Answered: 1 week ago

Question

Id already thrown away the receipt.

Answered: 1 week ago