In: Accounting
Category | Prior Year | Current Year |
Accounts payable | 3,148.00 | 5,978.00 |
Accounts receivable | 6,987.00 | 9,075.00 |
Accruals | 5,679.00 | 6,062.00 |
Additional paid in capital | 19,911.00 | 13,723.00 |
Cash | ??? | ??? |
Common Stock | 2,850 | 2,850 |
COGS | 22,424.00 | 18,276.00 |
Current portion long-term debt | 500 | 500 |
Depreciation expense | 983.00 | 959.00 |
Interest expense | 1,262.00 | 1,152.00 |
Inventories | 3,018.00 | 6,677.00 |
Long-term debt | 17,000.00 | 22,791.00 |
Net fixed assets | 75,310.00 | 74,221.00 |
Notes payable | 4,066.00 | 6,554.00 |
Operating expenses (excl. depr.) | 19,950 | 20,000 |
Retained earnings | 35,527.00 | 34,370.00 |
Sales | 46,360 | 45,467.00 |
Taxes | 350 | 920 |
What is the firm's cash flow from financing?
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Answer format: Number: Round to: 0 decimal places.
Category | Prior Year | Current Year |
Accounts payable | 3,148.00 | 5,978.00 |
Accounts receivable | 6,987.00 | 9,075.00 |
Accruals | 5,679.00 | 6,062.00 |
Additional paid in capital | 19,911.00 | 13,723.00 |
Cash | ??? | ??? |
Common Stock | 2,850 | 2,850 |
COGS | 22,424.00 | 18,276.00 |
Current portion long-term debt | 500 | 500 |
Depreciation expense | 983.00 | 959.00 |
Interest expense | 1,262.00 | 1,152.00 |
Inventories | 3,018.00 | 6,677.00 |
Long-term debt | 17,000.00 | 22,791.00 |
Net fixed assets | 75,310.00 | 74,221.00 |
Notes payable | 4,066.00 | 6,554.00 |
Operating expenses (excl. depr.) | 19,950 | 20,000 |
Retained earnings | 35,527.00 | 34,370.00 |
Sales | 46,360 | 45,467.00 |
Taxes | 350 | 920 |
What is the firm's total change in cash from the prior year to the current year?
1.
Cash Flow from Financing | Amount |
Increase in Long-term Debt | $ 5,791 |
Increase in Notes Payable | $ 2,488 |
Less: Dividend Paid (4160+1157) | $ -5,317 |
Less: Decrease in Additional paid in capital | $ -6,188 |
Cash Flow from Financing | $ -3,226 |
Note: Dividend Paid = Net Income + Decrease in Retained Earnings |
Sales | $ 45,467 | |
COGS | $ 18,276 | |
Gross Profit | $ 27,191 | |
Operating Expenses: | ||
Depreciation expense | $ 959 | |
Interest expense | $ 1,152 | |
Operating expenses (excl. depr.) | $ 20,000 | |
Total Expenses | $ 22,111 | |
Earning Before Taxes | $ 5,080 | |
Taxes | $ 920 | |
Net Income | $ 4,160 |
2.
Prior year | Current year | |||
Accounts payables | $ 3,148 | $ 5,978 | ||
Accruals | $ 5,679 | $ 6,062 | ||
Current portion of long-term debt | $ 500 | $ 500 | ||
Notes payables | $ 4,066 | $ 6,554 | ||
Current liabilities | $ 13,393 | $ 19,094 | ||
Long term debt | $ 17,000 | $ 22,791 | ||
Total liabilities | $ 30,393 | $ 41,885 | ||
Common stock | $ 2,850 | $ 2,850 | ||
Additional paid in capital | 19,911.00 | 13,723.00 | ||
Retained earnings | $ 35,527 | $ 34,370 | ||
Stockholders' equity | $ 58,288 | $ 50,943 | ||
Total liabilities and stockholders' equity | $ 88,681 | $ 92,828 | ||
Prior year | This year | |||
Total assets | $ 88,681 | $ 92,828 | ||
Less: Net Fixed Assets | $ 75,310 | $ 74,221 | ||
Current assets | $ 13,371 | $ 18,607 | ||
Prior year | This year | |||
Current assets | $ 13,371 | $ 18,607 | ||
(-) Accounts receivables | $ 6,987 | $ 9,075 | ||
(-) Inventories | $ 3,018 | $ 6,677 | ||
Cash | $ 3,366 | $ 2,855 | ||
Total change in cash (2855-3366) | $ -511 |