Question

In: Finance

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

What is the firm's total change in cash from the prior year to the current year?
Accounts payable 3,194.00 5,965.00
Accounts receivable 6,995.00 9,057.00
Accruals 5,777.00 6,028.00
Additional paid in capital 19,562.00 13,579.00
Cash ??? ???
Common Stock 2,850 2,850
COGS 22,838.00 18,682.00
Current portion long-term debt 500 500
Depreciation expense 952.00 1,006.00
Interest expense 1,287.00 1,145.00
Inventories 3,096.00 6,734.00
Long-term debt 16,588.00 22,141.00
Net fixed assets 75,663.00 74,153.00
Notes payable 4,057.00 6,584.00
Operating expenses (excl. depr.) 19,950 20,000
Retained earnings 35,246.00 34,445.00
Sales 46,360 45,871.00
Taxes 350 920

Solutions

Expert Solution

Cash = Total assets - Net fixed assets - Accounts Receivable - Inventories

Where Total assets = Total liabilities + Total equity = Accounts payable + Accruals + Current portion of long-term debt + Notes payable + Long-term debt + Common stock + retained earning + additional paid in capital

So for current years,

=> Total assets = 5965 + 6028 + 500 + 6584 + 22141 + 2850 + 34445 + 13579 = 92092

=> Cash = 92092 - 74153 - 9057 - 6734 = 2148

For prior year,

Total assets = 3194 + 5777 + 500 + 4057 + 16588 + 2850 + 35246 + 19562 = 87774

=> Cash = 87774 - 75663 - 6995 - 3096 = 2020

total change in cash the prior year to current year = 2148 - 2020 = 128

jeff jeffy answered 1 year ago
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