Question

In: Finance

Item Prior year Current year Accounts payable 8,102.00 7,809.00 Accounts receivable 6,028.00 6,680.00 Accruals 983.00 1,392.00...

Item Prior year Current year
Accounts payable 8,102.00 7,809.00
Accounts receivable 6,028.00 6,680.00
Accruals 983.00 1,392.00
Cash ??? ???
Common Stock 11,946.00 12,572.00
COGS 12,688.00 18,343.00
Current portion long-term debt 4,928.00 5,020.00
Depreciation expense 2,500 2,820.00
Interest expense 733 417
Inventories 4,260.00 4,775.00
Long-term debt 13,063.00 14,127.00
Net fixed assets 50,599.00 54,949.00
Notes payable 4,309.00 9,861.00
Operating expenses (excl. depr.) 13,977 18,172
Retained earnings 28,053.00 30,112.00
Sales 35,119 46,621.00
Taxes 2,084 2,775

What is the firm's cash flow from financing?

Solutions

Expert Solution

Solution :-

Working Notes :-

Net Income =

( Sales – Cost of Goods Sold – Operating Expenses (excl. Depreciation) -Depreciation Expense – Interest Expense - Taxes )

Net Income = $46,621 - $18,343 - $18,172 - $2,820 - $417 - $2,775

Net Income = $4,094

Retained Earnings ( Ending )

= Retained Earnings ( Beginning ) + Net Income – Dividend

$30,112 = $28,053 + $4,094 – Dividend

Dividend = $2,035

Cashflow From Financing Activities
Issuance of Common Stock ( 12,572 - 11,946 )          626
Issuance of Long term debt ( 14,127 - 13,063 )       1,064
Issuance of Current Long term debt ( 5,020 - 4,928 )            92
Dividend Payment      (2,035)
Issuance of Notes Payable ( 9,861 - 4,309 )       5,552
Total =        5,299

If there is any doubt please ask in comments

jeff jeffy answered 2 years ago
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