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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 | ? |
- Prepare a statement of comprehensive income for Everlast Inc. for 2021 and 2022.
- What are the dividends paid and addition to retained earnings for 2021 and 2022?
- Prepare a statement of financial position for Everlast Inc. for 2021 and 2022.
- Calculate the Cash flow from Assets for 2022. Make sure to include the OCF, Net Capital Spending and change in NWC.
- Calculate the Cash Flow to Creditors for 2022
- 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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