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Category Prior Year Current Year Accounts payable 3,119.00 5,997.00 Accounts receivable 6,879.00 9,025.00 Accruals 5,615.00 6,143.00...

Category Prior Year Current Year
Accounts payable 3,119.00 5,997.00
Accounts receivable 6,879.00 9,025.00
Accruals 5,615.00 6,143.00
Additional paid in capital 20,088.00 13,792.00
Cash ??? ???
Common Stock 2,850 2,850
COGS 22,714.00 18,306.00
Current portion long-term debt 500 500
Depreciation expense 996.00 1,002.00
Interest expense 1,281.00 1,129.00
Inventories 3,005.00 6,666.00
Long-term debt 16,915.00 22,213.00
Net fixed assets 75,448.00 73,951.00
Notes payable 4,034.00 6,544.00
Operating expenses (excl. depr.) 19,950 20,000
Retained earnings 35,157.00 34,624.00
Sales 46,360 45,295.00
Taxes 350 920

What is the firm's cash flow from financing?

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Answer #1

Answer:

Net Income = Sales – COGS – Depreciation Expense – Interest Expense – Operating Expenses (excl. depr) – Taxes
Net Income = $45,295 - $18,306 - $1,002 - $1,129 - $20,000 - $920
Net Income = $3,938

Ending Retained Earnings = Beginning Retained Earnings + Net Income – Dividends
$34,624 = $35,157 + $3,938 – Dividends
Dividends = $35,157 + $3,938 - $34,624
Dividends = $4,471

Cash Flow from Financing = Issuance of Long term debt - Repayment of Additional Paid in Capital – Dividend + Issuance of Notes Payable
Cash Flow from Financing = $5,298 - $6,296 - $4,471 + $2,510
Cash Flow from Financing = -$2,959

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