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You have been provided with 2021 and 2022 financial statement information (in Millions) for Everlast Inc. 2021 2022 Sales $ 12,573 $13,436 Depreciation Expense 1,661

You have been provided with 2021 and 2022 financial statement information (in Millions) for Everlast Inc.

2021 2022
Sales $ 12,573 $13,436
Depreciation Expense 1,661 1,736
Cost of goods sold 4,979 5,207
Other Expense 946 824
Interest Expense 776 926
Cash 6,067 6,466
Accounts Receivable 8,034 9,427
Short-term Notes Payable 1,171 1,147
Long-term Debt 20,320 24,696
Net Fixed Assets 50,888 54,273
Accounts Payable 4,384 4,644
Inventory 14,283 15,288
Dividends 1,411 1,618
Tax rate 34% 34%
Common Stock 10,000 ?
Retained Earnings 43,397 ?

  1. Prepare a statement of comprehensive income for Everlast Inc. for 2021 and 2022.
  2. What are the dividends paid and addition to retained earnings for 2021 and 2022?
  3. Prepare a statement of financial position for Everlast Inc. for 2021 and 2022.
  4. Calculate the Cash flow from Assets for 2022. Make sure to include the OCF, Net Capital Spending and change in NWC.
  5. Calculate the Cash Flow to Creditors for 2022
  6. Calculate the Cash Flow to Shareholders for 2022 and show how the Cash Flow Identity holds.

SHOW ALL YOUR WORK AND CALCULATIONS!!

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