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In: Finance

Category Prior Year Current Year Accounts payable 3,170.00 5,978.00 Accounts receivable 6,908.00 9,078.00 Accruals 5,678.00 6,027.00...

Category Prior Year Current Year
Accounts payable 3,170.00 5,978.00
Accounts receivable 6,908.00 9,078.00
Accruals 5,678.00 6,027.00
Additional paid in capital 19,953.00 13,026.00
Cash ??? ???
Common Stock 2,850 2,850
COGS 22,358.00 18,158.00
Current portion long-term debt 500 500
Depreciation expense 1,042.00 1,041.00
Interest expense 1,294.00 1,122.00
Inventories 3,063.00 6,743.00
Long-term debt 16,808.00 22,714.00
Net fixed assets 75,770.00 73,975.00
Notes payable 4,076.00 6,530.00
Operating expenses (excl. depr.) 19,950 20,000
Retained earnings 35,494.00 34,363.00
Sales 46,360 45,914.00
Taxes 350 920

What is the firm's total change in cash from the prior year to the current year?

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Expert Solution

Prior year Current year
Accounts payables 3170.00 5978.00
Accruals 5678.00 6027.00
Current portion of long-term debt 500.00 500.00
Notes payables 4076.00 6530.00
Current liabilities 13424.00 19035.00
Long term debt 16808.00 22714.00
Total liabilities 30232.00 41749.00
Common stock 2850.00 2850.00
Additional paid in capital 19953.00 13026.00
Retained earnings 35494.00 34363.00
Stockholders' equity 58297.00 50239.00
Total liabilities and stockholders' equity 88529.00 91988.00
Prior year This year
Total assets = Total liabilities and stockholders' equity 88529.00 91988.00
Current assets = Total assets - Net fixed assets 12759.00 18013.00
Prior year This year
Current assets 12759.00 18013.00
(-) Accounts receivables 6908.00 9078.00
(-) Inventories 3063.00 6743.00
Cash 2788.00 2192.00
Total change in cash = This year's cash - Prior year's cash = 2192.00 - 2788.00 -596.00

jeff jeffy answered 6 months ago
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