USE THE INFORMATION BELOW TO ANSWER THE FOLLOWING 3 QUESTIONS

Mellon Company Balance Sheet For the Years Ending December 31, 2015 and 2016 (All figures in dollars)

2015 2016

Cash 1,800 1,820

Account receivable 3,990 4,210

Inventory 10,300 9,450

Total current assets 16,090 15,480

Gross fixed assets 55,400 63,840

(Accumulated depreciation) (9,780) (11,050)

Net fixed assets 45,620 52,790

Total assets 61,710 68,270

Notes payable 700 1,000

Accounts payable 2,260 4,150

Accruals 1,610 1,800

Current portion of LT debt 470 1,730

Total current liabilities 5,040 8,680

Lont-term debt 37,750 34,790

Common stock 1,150 1,500

Paid in capital 4,980 9,460

Retained earnings 12,790 13,840

Total liabilities and equity 61,710 68,270

Additional Data from 2016 Income Statement:

Sales in 2016= 238,000

Net income in 2016= 9,980

25. Calculate the Cash flows from operating activities for 2016.

26. Calculate the Cash flows from investing activities for 2016.

27. Calculate the Cash flows from financing activities for 2016.

USE THE FOLLOWING INFORMATION TO CONSTRUCT A BALANCE SHEET TO ANSWER QUESTIONS 28 through 30

Sales $ 240,000

Gross profit margin 25%

Inventory turnover ratio (Cost of goods sold/Inventory) 20

Net profit margin 4%

Average collection period 45

Return on equity 20%

Accumulated depreciation $ 15,000

Return on assets 12.5%

Accounts payable days 18

Notes payable $ 1,800

Gross fixed assets $ 48,000

Percent of sales on credit (remainder are cash sales) 75%

NOTE: Assume a 360 day year for all ratios, etc.

Assume that the only accounts on the balance sheet are those listed below. Fill in this chart with the data provided and then answer questions 28, 29 and 30. Cash _____ Accounts receivable ____ Inventory _____ Gross fixed assets_____ (Accumulated depreciation)_____ Net fixed assets_____ Total assets_____

USE THE INFORMATION BELOW TO ANSWER THE FOLLOWING 3 QUESTIONS

Mellon Company
Balance Sheet
For the Years Ending December 31, 2015 and 2016
(All figures in dollars)
	2015		2016
Cash	1,800		1,820
Account receivable	3,990		4,210
Inventory	10,300		9,450
Total current assets	16,090		15,480
Gross fixed assets	55,400		63,840
(Accumulated depreciation)	(9,780)		(11,050)
Net fixed assets	45,620		52,790
Total assets	61,710		68,270
Notes payable	700		1,000
Accounts payable	2,260		4,150
Accruals	1,610		1,800
Current portion of LT debt	470		1,730
Total current liabilities	5,040		8,680
Lont-term debt	37,750		34,790
Common stock	1,150		1,500
Paid in capital	4,980		9,460
Retained earnings	12,790		13,840
Total liabilities and equity	61,710		68,270
Additional Data from 2016 Income Statement:
Sales in 2016			238,000
Net income in 2016			9,980

25. Calculate the Cash flows from operating activities for 2016. 26. Calculate the Cash flows from investing activities for 2016. 27. Calculate the Cash flows from financing activities for 2016.

USE THE FOLLOWING INFORMATION TO CONSTRUCT A BALANCE SHEET TO ANSWER QUESTIONS 28 through 30

Sales	$ 240,000
Gross profit margin	25%
Inventory turnover ratio (Cost of goods sold/Inventory)	20
Net profit margin	4%
Average collection period	45
Return on equity	20%
Accumulated depreciation	$ 15,000
Return on assets	12.5%
Accounts payable days	18
Notes payable	$ 1,800
Gross fixed assets	$ 48,000
Percent of sales on credit (remainder are cash sales)	75%
NOTE: Assume a 360 day year for all ratios, etc.

Assume that the only accounts on the balance sheet are those listed below. Fill in this chart with the data provided and then answer questions 28, 29 and 30.

Cash _____, Accounts receivable_____, Inventory______,Gross fixed assets_____, (Accumulated depreciation)_______, Net fixed assets_____,

Total assets_______, Notes payable_____,Accounts Payable_____, Long-term debt ______, Equity _____, Total Liab & equity_____

28. Cash = ____________.

29. Long-term debt = ____________.

30. Total assets =____________.