Question

1. Complete the Sources and Uses classification and the Statement of Cash Flows for Florida Mining. Complete the Statement of Cash Flows on the following page.

The firm’s Net Income for 2006 is $50M.

Balance Sheet ($000)

                                                                              Florida Mining

Assets Cash Marketable Securities Accounts Receivable Inventories     Total Current Assets Gross Fixed Assets Less: Accumulated Depreciation Net Fixed Assets Total Assets Accounts Payable Notes Payable Accruals     Total Current Liabilities L-T Debt     Total Liabilities Common Stock (Par value) Paid-in Capital in Excess of Par Retained Earnings     Total Stockholders’ Equity Total Debt & Stockholders’ Equity

2020 $12 66 152 191 $421 $195 63 $132 $553 $136 200 27 $363 38 $401 $20 30 102 $152 $553

2019 $31 82 104 145 $362 180 52 $128 $490 $126 190 25 341 40 $381 $20 30 59 $109 $490 Totals

Source ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______     _______

Use ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______ ______      ______      ______     _______

Answer 1

Assets    Source    Use

Cash new debt issuances purchasing the target's equity

Marketable securities Derivatives, money raise funds for business market instruments expansion

Accounts Receivable when a customer buy a to track purchase and payment   product or service transactions for customers

Inventories warehouses,brick and production and operations mortar stores

Total Current assets cash, receivables,inventory     to derive a company's ability to meet its obligations

  Depriciation wear and tear increases working capital

Accounts payable suppliers records invoices

Notes payable loans from banks to increase capital needs

Accruals expenses,losses helps business to properly manage its financial activity

Common stock owners equity helps the stockholders to vote on corporate issues

Paid in capital created when a company creates money by selling       sells its shares in primary market shares of the company

Retained earnings funds remained from net giving dividend to income   shareholders