Prepare the 2018 cash flow statement for XYZ Corp. Assume no dividends were paid. Financial Statements...

Prepare the 2018 cash flow statement for XYZ Corp. Assume no dividends were paid.

Financial Statements for XYZ Corp.

Balance Sheet for Period Ending December 31.

Assets	2017	2018
Cash and Marketable Securities	40	15
Accounts Receivable	160	80
Inventories	250	370
Total Current Assets	450	465

Gross Plant and Equipment	675	855
less: Accumulated Depreciation	250	300
Net Plant and Equipment	425	555

Total Assets	875	1020

Liabilities and Equity
Accounts Payable	15	30
Short-term Bank Loans	35	40
Accrued Liabilities	55	60
Total Current Liabilities	105	130

Long-Term Debt	265	360

Common Stock	180	180
Retained Earnings	325	350
Total Equity	505	530

Total Liabilities and Equity	875	1020

Income Statement for the Period Ending December 31.

	2018
Sales	1500
Cost of Goods Sold	1272
Gross Profit Margin	228

Administrative Expense	40
Marketing Expense	30
Research and Development	20
Depreciation	50
Earnings before Interest and Taxes	88

Interest Expense	39
Income before Taxes	49
Income Taxes @ 40%	20
Net Income	29

Expert Solution

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