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In: Finance

Category Prior Year Current Year Accounts payable 3,121.00 5,969.00 Accounts receivable 6,974.00 9,035.00 Accruals 5,702.00 6,128.00...

Category Prior Year Current Year
Accounts payable 3,121.00 5,969.00
Accounts receivable 6,974.00 9,035.00
Accruals 5,702.00 6,128.00
Additional paid in capital 19,908.00 13,526.00
Cash ??? ???
Common Stock 2,850 2,850
COGS 22,672.00 18,994.00
Current portion long-term debt 500 500
Depreciation expense 1,044.00 967.00
Interest expense 1,274.00 1,155.00
Inventories 3,073.00 6,701.00
Long-term debt 16,650.00 22,343.00
Net fixed assets 75,562.00 74,127.00
Notes payable 4,039.00 6,581.00
Operating expenses (excl. depr.) 19,950 20,000
Retained earnings 35,871.00 34,759.00
Sales 46,360 45,862.00
Taxes 350 920

What is the firm's cash flow from financing?

Solutions

Expert Solution

Cash flow from financing occurs due to change in capital from issuance of securities like equity share, preference shares, issuing debt, debentures and from the redemption of securities or repayment of a long term or short term debt, payment of dividend or interest on securities

So, Cash flow from financing = Change in additional paid in capital + change in common stock + change long-term debt + change in notes payable - Cash Dividends Paid

change in addition paid in capital = 13526 - 19908 = -$6382

Change in common stock = 2850 - 2850 = $0

Change in long-term debt = 22343 - 16650 = $5693

Change in notes payable = 6581 - 4039 = $2542

Net income for current year = Sales - COGS - Operating expenses - Depreciation - interest - tax = 45862 - 18994 - 20000 - 967 - 1155 - 920 = $3826

addition to retained earning = 34759 - 35871 = -$1112

So, dividend paid = Net income - addition to retained earning = 3826 - (-1112) = $4938

So, Cash flow from financing = -6382 + 0 + 5693 + 2542 - 4938 = -$3085

So, cash flow from financing = -$3085

jeff jeffy answered 1 year ago
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