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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...

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?

Solutions

Expert Solution

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)

jeff jeffy answered 11 months ago
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