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In: Finance

Category Prior Year Current Year Accounts payable 3,186.00 5,969.00 Accounts receivable 6,872.00 9,015.00 Accruals 5,646.00 6,132.00...

Category Prior Year Current Year
Accounts payable 3,186.00 5,969.00
Accounts receivable 6,872.00 9,015.00
Accruals 5,646.00 6,132.00
Additional paid in capital 20,196.00 13,092.00
Cash ??? ???
Common Stock 2,850 2,850
COGS 22,430.00 18,614.00
Current portion long-term debt 500 500
Depreciation expense 986.00 1,039.00
Interest expense 1,298.00 1,134.00
Inventories 3,098.00 6,709.00
Long-term debt 16,720.00 22,498.00
Net fixed assets 75,083.00 73,942.00
Notes payable 4,066.00 6,519.00
Operating expenses (excl. depr.) 19,950 20,000
Retained earnings 35,818.00 34,477.00
Sales 46,360 45,064.00
Taxes 350 920
What is the firm's total change in cash from the prior year to the current year?


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Expert Solution

Total liabilities and stockholders equity Prior year current year
Accounts payable 3186 5969
Accruals 5646 6132
current portion of long term debt 500 500
Long term debt 16720 22498
Note payable 4066 6519
stockholders equity
common stock 2850 2850
Additional paid in capital 20196 13092
Retained earning 35818 34477
Total liabilities and equity 88982 92037

Total asset =Total liabilities+ equity

Total asset Prior year current year
Total Asset 88982 92037
Less:All asset other than cash
Accounts receivable -6872 -9015
Inventory -3098 -6709
Net fixed asset -75083 -73942
Cash 3929` 2371

Change in cash from the prior year to the current year = current year cash -prior year cash

                                                 = 2371 -3929

                                               = - 1558

jeff jeffy answered 1 year ago
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