Answered step by step
Verified Expert Solution
Question
1 Approved Answer
What is the cash flow of the firm, or CF(A), for 2015? Boston, Inc. 2015 Income Statement Net sales 17,400.00 Cost of goods sold 7,150.00
What is the cash flow of the firm, or CF(A), for 2015?
Boston, Inc. | ||||||||
2015 Income Statement | ||||||||
Net sales | 17,400.00 | |||||||
Cost of goods sold | 7,150.00 | |||||||
Selling, general, and administrative expenses | 2,612.00 | |||||||
Depreciation | 1,536.00 | |||||||
Earnings before interest and taxes | 6,102.00 | |||||||
Interest | 254.00 | |||||||
Pretax income | 5,848.00 | |||||||
Taxes | 1,988.32 | |||||||
Net income | 3,859.68 | |||||||
Boston, Inc. | ||||||||
2014 and 2015 Balance Sheets | ||||||||
2014 | 2015 | 2014 | 2015 | |||||
Cash | 298 | 306 | Accounts payable | 6,219 | 6,384 | |||
Accounts receivable | 3,006 | 3,422 | Accrued expenses | 1,880 | 1,625 | |||
Inventory | 5,210 | 5,750 | Total | 8,099 | 8,009 | |||
Total | 8,514 | 9,478 | Long-term debt | 17,536 | 20,091 | |||
Net fixed assets | 32,365 | 34,600 | Owners' equity | 15,244 | 15,978 | |||
Total assets | 40,879 | 44,078 | Total liabilities and equity | 40,879 | 44,078 |
a. | $5,525.68 | |
b. | -$824.68 | |
c. | $1,054.00 | |
d. | -$4,825.00 | |
e. | $824.68 |
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