Question

) Based on the following information for CATZ Corporation, prepare an income statemnet for 2016 and...

) Based on the following information for CATZ Corporation, prepare an income statemnet for 2016 and balance sheets for 2015 and 2016. Next calculate cash operating cash flow, net capital spending, change in net working capital, cash flow from asset. Year 2015 2016 Sales 4080 4650 Cost of goods sold 2341 2700 Depreciation 760 910 Interest 164 197 Dividends 227 250 Current assets 2187 2610 Net fixed assets 7310 7700 Current liabilities 1010 1260 Long-term debt 3120 2100

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Answer #1
Income Statement
2015 2016
Sales 4080 4650
Cost of Goods Sold -2341 -2700
Gross Profit 1739 1950
Depreciation 760 910
Interest 164 197
Net Profit 815 843
Balance Sheet
Assets
Current Asset 2187 2610
Fixed Asset 7310 7700
Total 9497 10310
Liability and Equity
Current Liabilty 1010 1260
Long Term Debt 3120 2100
Total Liability 4130 3360
Equity 5367 6950
Total   9497 10310
Equity Balance
Opening 4779 9717
Net Income 815 843
Dividend 227 250
Ending 5367 10310

Equity ending balance asset - Libilility

Opening Balace = ending - Net Icome + Dividend

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