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Use the following tinancial statements: Dynamic Mattress Year-End Balance Sheet for 2014 (figures in $ millions) Current Liabilities: Bank loans Current Assets Cash Marketable securities

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Use the following tinancial statements: Dynamic Mattress Year-End Balance Sheet for 2014 (figures in $ millions) Current Liabilities: Bank loans Current Assets Cash Marketable securities Accounts receivable Inventory 49 134 183 188 Accounts payable 137 142 467 Long-term debt Total current liabilities Total current assets 84 428 Net worth (equity and retained earnings) Fixed assets Gross investment Less depreciation Net fixed assets 332 104 228 695 Total assets Total liabilities and net worth 695 Dynamic Mattress Year-End Balance Sheet for 2013 (figures in $ millions) Current Liabilities Bank loans Current Assets Cash Marketable securities Accounts receivable Inventory 32 87 119 152 Accounts payable 98 Total current liabilities Total current assets 360 Long-term debt 37 360 Net worth (equity and retained earnings) Fixed assets Gross investment Less depreciation Net fixed assets 238 82 156 516 Total assets Total liabilities and net worth 516 Dynamic Mattress Income Statement for 2014 (figures in $ millions) Sales Operating costs 1,620 1,345 275 Depreciation Interest Pretax income Tax at 50% Net income 253 53 200 100 100 Notes: Dividend $32 Retained earnings $68 Prepare the statement of cash flows for 2014. (Leave no cells blank be certain to enter "o" wherever required. Enter your answers in millions.) Dynamic Mattress Statement of Cash Flows for 2014 (figures in $ millions) Sources Sold marketable securities Increased bank loans Increased accounts payable Increased long term debt Cash from operations: Net income Depreciation Total sources Uses: Increased inventories Increased accounts receivable Invested in fixed assets Dividend Total uses Increase in cash balance

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