Question
USE THE INCOME STATEMENT AND BALANCE SHEET SHOWN BELOW TO DEVELOP THE STATEMENT OF CASH FLOW YEAR T + 1 Revenue $5700 COGS $4560 Gross
- USE THE INCOME STATEMENT AND BALANCE SHEET SHOWN BELOW TO DEVELOP THE STATEMENT OF CASH FLOW
YEAR T + 1
| Revenue | $5700 |
| COGS | $4560 |
| Gross Profit | $1140 |
| Operating expenses | $500 |
| Depreciation | $27 |
| Ebit | $613 |
| Interest Expenses | $35 |
| EBT | $578 |
| Taxes | $231.20 |
| NI | $346.80 |
| Dividends | $0 |
| CHANGE IN RE
| $346.80 |
BALANCE SHEET
YEAR T + 1 YEAR T
|
|
| CASH AND EQUIVALENTS - $714.80. $120 |
| ACCOUNTS RECEIVABLE - $500 $500 |
| INVENTORY - $300 $340 |
| TOTAL CURRENT ASSETS - $1514.80 $960 |
| FIXED ASSETS - $660 $800 |
| ACCUMULATED DEPRECIATION - $227 $200 |
| NET FIXED ASSETS - $433 $600 |
| TOTAL ASSETS - $1947.80 $1560 |
|
|
| ACCOUNTS PAYABLE - $320 $300 |
| SHORT TERM NOTES PAYABLE - $40 $50 |
| ACCURALS - $11 $10 |
| TOTAL CURRRENT LIABILITIES - $371 $360 |
| LONG TERM DEBT - $780 $750 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Mergers Acquisitions And Other Restructuring Activities
Authors: Donald DePamphilis
10th Edition
0128150750, 978-0128150757
