In: Finance
Category | Prior Year | Current Year |
Accounts payable | 3,158.00 | 5,915.00 |
Accounts receivable | 6,915.00 | 9,012.00 |
Accruals | 5,752.00 | 6,030.00 |
Additional paid in capital | 20,232.00 | 13,813.00 |
Cash | ??? | ??? |
Common Stock | 2,850 | 2,850 |
COGS | 22,556.00 | 18,496.00 |
Current portion long-term debt | 500 | 500 |
Depreciation expense | 972.00 | 979.00 |
Interest expense | 1,298.00 | 1,128.00 |
Inventories | 3,067.00 | 6,667.00 |
Long-term debt | 16,925.00 | 22,929.00 |
Net fixed assets | 75,638.00 | 74,088.00 |
Notes payable | 4,069.00 | 6,581.00 |
Operating expenses (excl. depr.) | 19,950 | 20,000 |
Retained earnings | 35,666.00 | 34,627.00 |
Sales | 46,360 | 45,247.00 |
Taxes | 350 | 920 |
What is the firm's cash flow from financing?
Calculation of net Income after tax | |
Particulars | Amount($) |
Sales | 45,247 |
Less: | |
COGS | 18,496 |
Operating expenses (excl. depr.) | 20,000 |
Depreciation expense | 979 |
Interest expense | 1,128 |
Taxes | 920 |
Net income after tax for the cuurent year | 3,724 |
.
Calculation of Dividend paid during the year | |
Opening Balance of Retained Earnings | 35,666 |
Add:-Net income after tax for the cuurent year | 3,724 |
Less:-Closing Balance of Retained Earnings | 34,627 |
Dividend paid during the current year | 4,763 |
.
Cash Flow from Financing Activities: | |
Particulars | Amount($) |
Repayment of additional paid in capital (13813-20232) | (6,419) |
Issue of Long Term debt | 6,004 |
Dividend paid during the year | (4,763) |
Cash Outflow from Financing Activities: | (5,178) |