Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the Cash Flow from Operation Activiy for 2019? Whats is Cash Flow from Investing Activity for 2019? What is the Cash Flow form

image text in transcribed
image text in transcribed
What is the Cash Flow from Operation Activiy for 2019?
Whats is Cash Flow from Investing Activity for 2019?
What is the Cash Flow form Financing Activity for 2019?
2018 2019 2018 2019 Assets Liabilities & Equity Current assets: Cash and marketable securities $ 5 19 29 Current liabilities: Accrued wages and taxes Accounts payable Notes payable $ 5 20 36 S 6 15 Accounts receivable S 10 16 = = = Inventory Total $ 53 $ 61 Total $ 34 = S 40 = Fixed assets: Gross plant and equipment Less: Depreciation Net plant and equipment Other long-term assets Total S 88 11 S77 15 $ 92 Long-term debt S106 Stockholders' equity 15 Preferred stock (2 million shares) S 91 Common stock and paid-in surplus (5 million shares) 15 Retained earnings S106 Total $ 252 = = = = $ 58 S 70 Total assets Total liabilities and equity $145 $167 $145 S167 2018 2019 Net sales Less: Cost of goods sold Gross profits Less: Depreciation and other operating expenses Earnings before interest and taxes (EBIT) Less: Interest Earnings before taxes (EBT) Less: Taxes Net income Less: Preferred stock dividends Net income available to common stockholders Less: Common stock dividends Addition to retained earnings

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

Core Concepts of Accounting Information Systems

Authors: Mark G. Simkin, Jacob M. Rose, Carolyn S. Norman

12th edition

1118022300, 978-1118022306

More Books

Students also viewed these Accounting questions