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Category Prior Year Current Year Accounts payable 3,199.00 5,931.00 Accounts receivable 6,803.00 9,039.00 Accruals 5,755.00 6,011.00...

Category Prior Year Current Year
Accounts payable 3,199.00 5,931.00
Accounts receivable 6,803.00 9,039.00
Accruals 5,755.00 6,011.00
Additional paid in capital 20,289.00 13,608.00
Cash ??? ???
Common Stock 2,850 2,850
COGS 22,266.00 18,678.00
Current portion long-term debt 500 500
Depreciation expense 1,014.00 1,044.00
Interest expense 1,257.00 1,160.00
Inventories 3,042.00 6,728.00
Long-term debt 16,573.00 22,600.00
Net fixed assets 75,429.00 74,203.00
Notes payable 4,074.00 6,552.00
Operating expenses (excl. depr.) 19,950 20,000
Retained earnings 35,652.00 34,461.00
Sales 46,360 45,161.00
Taxes 350 920

What is the firm's cash flow from financing?

Solutions

Expert Solution

Assuming Interest Expense as Operating cash
flow componenet.
There is no Stock repurchase so,
reduction is Addnl paid in capital is assumed
to be the result of dividend pay out from
addnl paid in capital in the absence of
sufficient balance in retained earning.
Comparison of Relevant accounts :
Account Prior Year Current Year Change Remarks
Additional paid in Capital                          20,289                                          13,608                      (6,681) Assuming dividend paid
LT Debt                          16,573                                          22,600                        6,027 New loan raised
Notes Payable                             4,074                                            6,552                        2,478 New Notes raised
Cash flow from Financing Activities Amt
a. Cash inflow from new LT Debt Raised                             6,027
b. Cash inflow from new Notes payable raised                             2,478
c. Cash outflow from Dividend payment                           (6,681)
Net Cash flow from Financing Activities                             1,824

jeff jeffy answered 3 years ago
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