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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 7 months ago
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