Operating Section of Statement of Cash Flows (Indirect
Method)
Following are the income statement and balance...
Operating Section of Statement of Cash Flows (Indirect
Method)
Following are the income statement and balance sheet for Nike Inc.
for the year ended May 31, 2016, and a forecasted income statement
and balance sheet for 2017.
Nike Inc.
Income Statement
For Year Ended May 31
$ millions
2016 actual
2017 Est.
Revenues
$ 32,376
$ 34,319
Cost of sales
17,405
18,464
Gross profit
14,971
15,855
Demand creation expense
3,278
3,466
Operating overhead expense
7,191
7,619
Total selling and administrative...
Operating Section of Statement of Cash Flows (Indirect
Method)
Assume following are the income statement and...
Operating Section of Statement of Cash Flows (Indirect
Method)
Assume following are the income statement and balance sheet for
Nike for the year ended May 31, 2012, and a forecasted income
statement and balance sheet for 2013.
Income Statement
($ millions)
2012 actual
2013 Est.
Revenues
$ 18,627.0
$ 21,253.0
Cost of sales
10,239.6
11,689.0
Gross margin
8,387.4
9,564.0
Selling and administrative expense
5,953.7
6,801.0
Operating profit
2,433.7
2,763.0
Interest income, net
77.1
77.1
Other (expense) income, net
(7.9)
(7.9)...
Determining Net Income from Net Cash Flow from Operating
Activities
Curwen Inc. reported net cash flow...
Determining Net Income from Net Cash Flow from Operating
Activities
Curwen Inc. reported net cash flow from operating activities of
$216,900 on its statement of cash flows for the year ended December
31. The following information was reported in the Cash Flows from
Operating Activities section of the statement of cash flows, using
the indirect method:
Decrease in income taxes payable
$4,800
Decrease in inventories
12,000
Depreciation
18,400
Gain on sale of investments
8,300
Increase in accounts payable
3,300
Increase...
Exercise 12-4 Indirect: Cash flows from operating activities LO
P2
The following income statement and information...
Exercise 12-4 Indirect: Cash flows from operating activities LO
P2
The following income statement and information about changes in
noncash current assets and current liabilities are reported.
SONAD COMPANY
Income Statement
For Year Ended December 31, 2017
Sales
$
1,828,000
Cost of goods sold
991,000
Gross profit
837,000
Operating expenses
Salaries expense
$
245,535
Depreciation expense
44,200
Rent expense
49,600
Amortization
expenses–Patents
4,200
Utilities expense
18,125
361,660
475,340
Gain on sale of equipment
6,200
Net income
$
481,540
Changes in...
Based on the financial information provided for Axelrod Ltd.,
calculate the company's free cash flow for...
Based on the financial information provided for Axelrod Ltd.,
calculate the company's free cash flow for 2020.
Axelrod
Ltd.
Income Statement (Millions
$)
2020
Revenue
40
Cost of Goods Sold
10
Gross Profit
30
Selling General & Admin Exp.
8
Depreciation & Amort.
2
Operating Income
20
Interest Expense
2
Earnings Before Tax
18
Income Tax Expense
7
Net Income
11
Per Share Items
EPS
$1.10
Common Shares Outstanding (millions)...
LEARNING OUTCOME
# 5 - Part B
Prepare the
Operating Activities section of the Statement of...
LEARNING OUTCOME
# 5 - Part B
Prepare the
Operating Activities section of the Statement of Cash Flows for
Acorn Technologies using the indirect method from the data below.
All yellow cells require text or dollars for the solution to be
complete.
Acorn Technologies
Comparative Balance Sheets
December 31,
2017
2016
Current assets:
Cash and cash
equivalents
$
67,200
$
12,800
Accounts receivable
54,700
50,000
Inventories
53,400
45,000
Prepaid expenses
2,400
6,000
Plant...
he following information was taken from the records of Adams,
Inc.. 2016 2017 ASSETS: Cash $...
he following information was taken from the records of Adams,
Inc.. 2016 2017 ASSETS: Cash $ 25,000 $ 43,000 Accounts Receivable
120,500 115,000 Prepaid Rent 3,000 4,000 Accounts Payable 89,000
95,000 Utilities Payable 8,000 6,500 Income Statement For the Year
ended December 31, 2017 REvenue $ 160,000 Expenses: Operating
Expenses $ 123,000 Utilities Expenses 12,000 Rent Expense 16,000
(151,000 Net Income $ 9,000 REQUIRED: Prepare the Operating
Activities section of the cash flow statement under the indirect
method.
Determining Net Income from Net Cash Flow from Operating
Activities
Curwen Inc. reported net cash flow...
Determining Net Income from Net Cash Flow from Operating
Activities
Curwen Inc. reported net cash flow from operating activities of
$165,200 on its statement of cash flows for the year ended December
31. The following information was reported in the “Cash flows from
operating activities” section of the statement of cash flows, using
the indirect method:
Decrease in income taxes payable$3,100
Decrease in inventories7,700
Depreciation11,900
Gain on sale of investments5,400
Increase in accounts payable2,100
Increase in prepaid expenses1,300
Increase in...
Consider the following uneven cash flow stream. What cash flow
Today (Year 0), instead of the...
Consider the following uneven cash flow stream. What cash flow
Today (Year 0), instead of the current $2,000, would be needed to
accumulate $20,000 at the end of Year 5? (Assume that the interest
rate remains 10% and the cash flows for Years 1 through 5 remain
unchanged.) Show your work
Here are the financial statements for Aquidneck SNF, a
non-profit entity:
Statement of Operations and Change in Net Assets as of December
31, 2018 (in $000’s)
Revenue:
Premiums
Earned $26,682...
QS 16-26B Direct: Computing operating cash outflows LO P5
CRUZ, INC.
Comparative Balance Sheets
December 31,...
QS 16-26B Direct: Computing operating cash outflows LO P5
CRUZ, INC.
Comparative Balance Sheets
December 31, 2019
2019
2018
Assets
Cash
$
62,700
$
15,700
Accounts receivable, net
27,000
33,300
Inventory
56,600
62,500
Prepaid expenses
3,500
2,900
Total current assets
149,800
114,400
Furniture
70,500
82,200
Accum. depreciation—Furniture
(10,900
)
(6,200
)
Total assets
$
209,400
$
190,400
Liabilities and Equity
Accounts payable
$
9,900
$
14,000
Wages payable
5,900
3,300
Income taxes payable
1,000
1,800
Total current liabilities
16,800
19,100...