Question

In: Finance

Category Prior Year Current Year Accounts payable 3,102.00 5,971.00 Accounts receivable 7,000.00 8,915.00 Accruals 5,632.00 6,007.00...

Category Prior Year Current Year
Accounts payable 3,102.00 5,971.00
Accounts receivable 7,000.00 8,915.00
Accruals 5,632.00 6,007.00
Additional paid in capital 20,327.00 13,191.00
Cash ??? ???
Common Stock 2,850 2,850
COGS 22,718.00 18,060.00
Current portion long-term debt 500 500
Depreciation expense 1,047.00 956.00
Interest expense 1,270.00 1,142.00
Inventories 3,064.00 6,727.00
Long-term debt 16,700.00 22,579.00
Net fixed assets 75,723.00 73,950.00
Notes payable 4,016.00 6,501.00
Operating expenses (excl. depr.) 19,950 20,000
Retained earnings 35,121.00 34,432.00
Sales 46,360 45,622.00
Taxes 350 920

What is the firm's cash flow from operations?

Solutions

Expert Solution

Profit and Loss account
Prior Year Current Year
Sales                          46,360                  45,622
Less:
COGS                          22,718                  18,060
Operating expenses (excl. depr.)                          19,950                  20,000
Depreciation expense                            1,047                        956
Interest expense                            1,270                     1,142
Total Expenses                          44,985                  40,158
Profit Before Tax                            1,375                     5,464
Taxes                                350                        920
Profit after tax                            1,025                     4,544
Calculation of cash flow from Operations
Profit Before Tax                     5,464
Add: Deprecition                        956
Add: Interest Expense                     1,142
Add / Less Change in working capital
Less: Increase in Inventories                  (3,663)
Less: Increase in Accounts Receivable                  (1,915)
Add: Increase in Accounts payable                     2,869
Add: Increase in Accruals                        375
Less: Taxes                      (920)
Cash flow from Operations    4,308.00

jeff jeffy answered 9 months ago
Next > < Previous

Related Solutions

Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750...
Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 428,048.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 54,731.00 Interest expense 40,500 41,017.00 Inventories 279,000 288,000 Long-term debt 339,670.00 401,877.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 161,905.00 Retained earnings 306,000 342,000 Sales 639,000 850,323.00 Taxes 24,750 48,686.00 What is...
Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750...
Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 430,741.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 54,943.00 Interest expense 40,500 41,875.00 Inventories 279,000 288,000 Long-term debt 339,876.00 398,606.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 162,524.00 Retained earnings 306,000 342,000 Sales 639,000 845,964.00 Taxes 24,750 47,204.00 What is...
Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750...
Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 430,741.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 54,943.00 Interest expense 40,500 41,875.00 Inventories 279,000 288,000 Long-term debt 339,876.00 398,606.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 162,524.00 Retained earnings 306,000 342,000 Sales 639,000 845,964.00 Taxes 24,750 47,204.00 What is...
Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750...
Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 428,545.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 55,690.00 Interest expense 40,500 42,213.00 Inventories 279,000 288,000 Long-term debt 338,956.00 400,900.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 161,496.00 Retained earnings 306,000 342,000 Sales 639,000 852,779.00 Taxes 24,750 47,481.00 1. What...
Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750...
Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 430,836.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 55,125.00 Interest expense 40,500 42,404.00 Inventories 279,000 288,000 Long-term debt 339,829.00 400,384.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 162,228.00 Retained earnings 306,000 342,000 Sales 639,000 847,534.00 Taxes 24,750 47,130.00 what is...
Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750...
Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 430,273.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 54,201.00 Interest expense 40,500 42,805.00 Inventories 279,000 288,000 Long-term debt 339,570.00 398,024.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 162,475.00 Retained earnings 306,000 342,000 Sales 639,000 847,787.00 Taxes 24,750 48,472.00 What is...
Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750...
Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 430,380.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 54,221.00 Interest expense 40,500 42,028.00 Inventories 279,000 288,000 Long-term debt 335,365.00 400,331.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 161,395.00 Retained earnings 306,000 342,000 Sales 639,000 852,776.00 Taxes 24,750 48,765.00
Category Prior Year Current Year Accounts payable 3,136.00 5,912.00 Accounts receivable 6,865.00 8,909.00 Accruals 5,736.00 6,053.00...
Category Prior Year Current Year Accounts payable 3,136.00 5,912.00 Accounts receivable 6,865.00 8,909.00 Accruals 5,736.00 6,053.00 Additional paid in capital 20,381.00 13,763.00 Cash ??? ??? Common Stock 2,850 2,850 COGS 22,644.00 18,617.00 Current portion long-term debt 500 500 Depreciation expense 964.00 1,040.00 Interest expense 1,294.00 1,127.00 Inventories 3,079.00 6,686.00 Long-term debt 16,952.00 22,082.00 Net fixed assets 75,263.00 74,206.00 Notes payable 4,068.00 6,510.00 Operating expenses (excl. depr.) 19,950 20,000 Retained earnings 35,375.00 34,409.00 Sales 46,360 45,043.00 Taxes 350 920 What is...
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500...
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash ??? ??? Common Stock @ par value 37,600 42,000 COGS 131,400 175,511.00 Depreciation expense 21,600 23,085.00 Interest expense 16,200 16,974.00 Inventories 111,600 115,200 Long-term debt 135,000 138,052.00 Net fixed assets 378,667.00 399,600 Notes payable 59,400 64,800 Operating expenses (excl. depr.) 50,400 65,892.00 Retained earnings 122,400 136,800 Sales 255,600 335,712.00 Taxes 9,900 18,931.00 What is the current year's...
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500...
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash ??? ??? Common Stock @ par value 37,600 42,000 COGS 131,400 175,511.00 Depreciation expense 21,600 23,085.00 Interest expense 16,200 16,974.00 Inventories 111,600 115,200 Long-term debt 135,000 138,052.00 Net fixed assets 378,667.00 399,600 Notes payable 59,400 64,800 Operating expenses (excl. depr.) 50,400 65,892.00 Retained earnings 122,400 136,800 Sales 255,600 335,712.00 Taxes 9,900 18,931.00 What is the current year's...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT