Sears lost over $2 billion last year and over $1 billion the
year before. However, looking...
Sears lost over $2 billion last year and over $1 billion the
year before. However, looking at their Statement of Cash Flows,
they somehow managed to increase their cash balance position $50
million. Explain how this was accomplished. Also, explain how the
CEO could justify that this shows that Sears is in position to make
a big turnaround. Net Income -383,000 Operating Activities, Cash
Flows Provided By or Used In Depreciation 378,000 Adjustments To
Net Income -2,753,000 Changes In Accounts...
Suppose Stuart Company
has the following results related to cash flows for 2017:
Net Income of...
Suppose Stuart Company
has the following results related to cash flows for 2017:
Net Income of
$7,700,000
Decrease in Accounts Payable of $900,000
Decrease in Accounts Receivable of $300,000
Decrease in Debt of $600,000
Depreciation Expenses of $1,700,000
Dividends of $800,000
Increase in Inventory of $800,000
Purchases of Property, Plant, & Equipment of $7,500,000
Other Adjustments from Financing Activities of $300,000
Other Adjustments from Investing Activities of $300,000
Other Adjustments from Operating Activities of $600,000
Create a statement of
cash...
Suppose Lightspeed Industries has the following results related
to cash flows for 2017: Net Income of...
Suppose Lightspeed Industries has the following results related
to cash flows for 2017: Net Income of $9,200,000 Increase in
Accounts Payable of $700,000 Increase in Accounts Receivable of
$500,000 Decrease in Debt of $400,000 Depreciation Expenses of
$1,500,000 Dividends Paid of $800,000 Decrease in Inventory of
$400,000 Purchases of Property, Plant, & Equipment of
$9,400,000 Other Adjustments from Financing Activities of $600,000
Other Adjustments from Investing Activities of $300,000 Other
Adjustments from Operating Activities of $100,000 Create a
statement of...
Suppose Lightspeed Industries has the following results related
to cash flows for 2017: Net Income of...
Suppose Lightspeed Industries has the following results related
to cash flows for 2017: Net Income of $9,200,000 Increase in
Accounts Payable of $700,000 Increase in Accounts Receivable of
$500,000 Decrease in Debt of $400,000 Depreciation Expenses of
$1,500,000 Dividends Paid of $800,000 Decrease in Inventory of
$400,000 Purchases of Property, Plant, & Equipment of
$9,400,000 Other Adjustments from Financing Activities of $600,000
Other Adjustments from Investing Activities of $300,000 Other
Adjustments from Operating Activities of $100,000 Create a
statement of...
MOSS COMPANY
Selected Balance Sheet Information
December 31, 2015 and 2014
2015
2014
Current assets
Cash...
MOSS COMPANY
Selected Balance Sheet Information
December 31, 2015 and 2014
2015
2014
Current assets
Cash
$
93,150
$
35,300
Accounts
receivable
33,500
49,000
Inventory
68,500
55,800
Current
liabilities
Accounts
payable
47,400
34,200
Income
taxes payable
2,900
3,900
MOSS COMPANY
Income Statement
For Year Ended December 31, 2015
Sales
$
569,000
Cost of goods
sold
365,600
Gross profit
203,400
Operating
expenses
Depreciation expense
$
53,000
Other
expenses
130,500
...
?(US$ millions)
?12/31/2016
?12/31/2015
?12/31/2014
?12/31/2013
Net income
$13,090
$12,050
$11,000
$10,070
Depreciation expense
6,470
6,350...
?(US$ millions)
?12/31/2016
?12/31/2015
?12/31/2014
?12/31/2013
Net income
$13,090
$12,050
$11,000
$10,070
Depreciation expense
6,470
6,350
5,050
3,950
Changes in working capital
1,200
2,290
2,440
950
Cash from operating activities
$20,760
$20,690
$18,490
$14,970
Capital expenditures
$(16,000)
$(14,510)
$(14,040)
$(12,260)
Cash from investing activities
$(16,000)
$(14,510)
$(14,040)
$(12,260)
Interest and financing cash flow items
$(300)
$(300)
$(380)
$50
Total cash dividends paid
(3,560)
(2,820)
(2,520)
(2,250)
Issuance? (retirement) of stock
(8,010)
(1,520)
(3,590)
(4,450)
Issuance? (retirement) of debt
1,500
(80)...
The comparative balance sheet of Cromme Inc. for December 31,
2016 and 2015, is shown as...
The comparative balance sheet of Cromme Inc. for December 31,
2016 and 2015, is shown as follows:
1
Dec. 31, 2016
Dec. 31, 2015
2
Assets
3
Cash
$625,080.00
$586,430.00
4
Accounts receivable (net)
228,260.00
209,470.00
5
Inventories
641,070.00
616,400.00
6
Investments
0.00
240,170.00
7
Land
327,640.00
0.00
8
Equipment
705,000.00
552,830.00
9
Accumulated depreciation-equipment
(165,670.00)
(148,610.00)
10
Total assets
$2,361,380.00
$2,056,690.00
11
Liabilities and Stockholders’ Equity
12
Accounts payable (merchandise creditors)
$425,090.00
$405,900.00
13
Accrued expenses payable (operating expenses)...