Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Zorro, Inc. Balance Sheet at 3 1 / 1 2 / 2 0 2 1 and 3 1 / 1 2 / 2 0 2

Zorro, Inc. Balance Sheet at 31/12/2021 and 31/12/2022(RM '000)
Assets 20212022
RM ('000) RM ('000)
Cash 200150
Accounts receivable 450425
Inventory 550625
Current assets 12001200
Plant and equipment 22002600
(-) Accumulated depreciation -1000-1200
Net plant and equipment 12001400
Total assets 24002600
Liabilties and Owners' Equity
Accounts payable 200150
Notes payable 0150
Current liabiities 200300
Bonds 600600
Total liabilities 800900
Owners' equity
Common stock 900900
Retained earnings 700800
Total owners' equity 16001700
Total liabilities and owners' equity 24002600
Zorro, Inc. Income Statement for Years Ended 31/12/2021 and 31/12/2022(RM '000)
20212022
RM ('000) RM ('000)
Sales 12001450
(-) COGS -700-850
Gross profit 500600
(-) Selling, general and administrative expenses -30-40
Operating Income @ EBITDA 470560
(-) Depreciation expense -220-200
EBIT 250360
(-) Interest -50-64
Net income before taxes 200296
Taxes (40%)80118.4
Net income 120177.6
Cash dividends 7077.6
Questions:
1) How much is the firm's net operating activitiers for 2022?
2) How much is the firm's net investing activities for 2022?
2) How much is the firm's net financing activities for 2022?

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

The Essentials Of Finance And Accounting For Nonfinancial Managers

Authors: Edward Fields

3rd Edition

0814436943, 9780814436943

More Books

Students also viewed these Accounting questions

Question

Is everybody worse off when interest rates rise?

Answered: 1 week ago

Question

Would giving rewards or administering punishments be

Answered: 1 week ago