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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...

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!

Solutions

Expert Solution

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

jeff jeffy answered 1 year ago
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