Question

Below is the financial information for AXZ Corporation for fiscal year-ending June 30, 2020. (Amounts in...

Below is the financial information for AXZ Corporation for fiscal year-ending June 30, 2020.

(Amounts in millions $s)

Cash flows from operations

$2,908.3

Total revenues

14,892.2

Shareholders’ equity

4,482.3

Cash flows from financing

(110.0)

Total liabilities

7,034.4

Cash, ending year

2,575.7

Expenses

14,883.4

Noncash assets

8,941.0

Cash flows from investing

(1,411.2)

Net earnings

8.8

Cash, beginning year

1,188.6

Using the information above, prepare the company’s:

  1. Balance sheet as of June 30, 2020.
  2. Income Statement for the fiscal year ended June 30, 2020.
  3. Cash Flow Statement for the fiscal year ending June 30, 2020.

Homework Answers

Answer #1

a)

b)

c)

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