In: Finance
Item | Prior year | Current year |
Accounts payable | 8,105.00 | 7,772.00 |
Accounts receivable | 6,003.00 | 6,774.00 |
Accruals | 1,018.00 | 1,383.00 |
Cash | ??? | ??? |
Common Stock | 10,304.00 | 12,206.00 |
COGS | 12,768.00 | 18,301.00 |
Current portion long-term debt | 4,988.00 | 4,965.00 |
Depreciation expense | 2,500 | 2,763.00 |
Interest expense | 733 | 417 |
Inventories | 4,290.00 | 4,825.00 |
Long-term debt | 14,354.00 | 14,752.00 |
Net fixed assets | 51,782.00 | 54,351.00 |
Notes payable | 4,327.00 | 9,929.00 |
Operating expenses (excl. depr.) | 13,977 | 18,172 |
Retained earnings | 28,306.00 | 29,460.00 |
Sales | 35,119 | 47,796.00 |
Taxes | 2,084 | 2,775 |
(a) What is the firm's cash flow from investing?
(b) What is the firm's total change in cash from the prior year to the current year?
Please work out all steps. Thank you!
a
Particulars | Amount |
Net fixed assets: | |
Ending balance | 54,351 |
Add: depreciation | 2,763 |
Less: beginning balance | (51,782) |
Net capital spending | 5,332 |
Cash flow from investing is
-5,332
b
Account | Prior year | Current year |
Liabilities and equity | ||
Accounts payable | $ 8,105 | $ 7,772 |
Accruals | $ 1,018 | $ 1,383 |
Additional paid in capital | $ - | $ - |
Common stock | $ 10,304 | $ 12,206 |
Current portion of LT debt | $ 4,998 | $ 4,965 |
Long term debt | $ 14,354 | $ 14,752 |
Note payable | $ 4,327 | $ 9,929 |
Retained earnings | $ 28,306 | $ 29,460 |
Total | $ 71,412 | $ 80,467 |
Assets: | ||
Accounts receivable | $ 6,003 | $ 6,774 |
Inventories | $ 4,290 | $ 4,825 |
Net fixed assets | $ 51,782 | $ 54,351 |
Total assets with out cash | $ 62,075 | $ 65,950 |
Cash (a) - (b) | $ 9,337 | $ 14,517 |
Less: prior year cash | $ (9,337) | |
Change in cash | $ 5,180 |
Cash balance increased by 5,180