Question
You have been provided with the 2020 and 2021 financial statement information ( in millions) for Metacorp Inc. 2020 2021 SALES 12,572 13,436 DEPRECIATION EXPENSE
You have been provided with the 2020 and 2021 financial statement information ( in millions) for Metacorp Inc.
2020 | 2021 | |
SALES | 12,572 | 13,436 |
DEPRECIATION EXPENSE | 1,661 | 1,736 |
COST OF GOODS SOLD | 4,979 | 5,207 |
OTHER EXPENSES | 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 |
NEXT 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 STATEMENT OF COMPREHENSIVE INCOME FOR 2020 AND 2021. MAKE SURE TO INCLUDE THE DIVIDENDS PAID AND THE ADDITION TO RETAINED EARNINGS ON YOUR COMPREHENSIVE INCOME
2. PREPARE A STATEMENT OF FINANCIAL POSITION FOR 2020 AND 2021
3. CALCULATE THE CASH FLOW FROM ASSETS FOR 2021 . MAKE SURE TO INCLUDE THE OCF, NET CAPITAL SPENDING AND CHANGE IN NWC.
4. CALCULATE THE CASH FLOW TO CREDITORS FOR 2021
5. CALCULATE THE CASH FLOW TO SHAREHOLDERS FOR 2021 AND SHOW HOW THE CASH FLOW IDENTITY HOLDS.
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