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Use the following to create the statement of cash flows. You must decide if there is a inflow or outflow of cash by the activity.
Use the following to create the statement of cash flows. You must decide if there is a inflow or outflow of cash by the activity. You must compare account balances from 2017 to 2018 to do so.
Operating Activities
Net Income
Depreciation and amortization
Account Payable
accruals
accounts receivable
inventories
Net cash provided by (used in) operating activities
Investing Activities
PPE
Net cash provided by (used in) investing activities
Financing Activities
Notes payable
Long-term debt
Common Stock
Common Dividends
Net cash provided by (used in) financing activities
Summary
Net increase/decrease in cash
Cash balance at the beginning of the year
Cash balance at the end of the year
for balance sheet & income statement
Below are Laiho Industries 2017 and 2018 balance sheet items:
2018
2017
Cash
102,850
89,725
Accounts receivable
103,365
85,527
Long-term debt
76,264
63,914
Accounts payable
30,761
23,109
Common stock
100,000
90,000
Notes payable
16,717
14,217
Net fixed assets
67,165
42,436
Accruals
30,477
22,656
Inventories
38,444
34,982
Retained earnings
57,605
38,774
Sales for 2018 were $455,150,000, and EBITDA was 15% of sales. Furthermore, depreciation and amortization were 11% of net fixed assets, interest was $8,575,000, the corporate tax rate was 40%, and Laiho pays 40% of its net income as dividends.
Given this information, construct the firms 2018 income statement, statement of cash flows, and statement of owner's equity.
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Lending Investments And The Financial Crisis
Authors: Elena Beccalli, Federica Poli
1st Edition
1349564982, 978-1349564989
