Question

Below is a 2-part question. Please create a word document and/or spreadsheet to answer the following...

Below is a 2-part question. Please create a word document and/or spreadsheet to answer the following prompts. Upload your response according to the directions. Thank you in advance for participating in Silberman College of Business’ assurance of learning assessment.

Part I: Reporting and Financial Statement Analysis

Given the following financial statements for Voice-Soft, a voice recognition company, answer the questions on the next page.

Income Statement for years

2010

2009

Sales

$5,500

$5,000

Operating Costs excluding Depreciation and Amortization

4,675

4,250

EBITDA

825

750

Depreciation and Amortization

190

180

EBIT

$635

$570

Interest Expense

62

50

EBT

$573

$520

Taxes (40%)

229

208

NI

$344

$312

Balance Sheet for years ending December 31

2010

2009

Assets:

Cash

$275

$250

Short Term Investments

55

50

Accounts Receivable

1,375

1,250

Inventories

825

750

   Total Current Assets

$2,530

$2,300

Net Plant and Equipment

1,925

1,750

Total Assets

$4,455

$4,050

Liabilities:

Notes Payable

$192

$100

Accounts Payable

580

500

Miscellaneous Payables

245

250

   Total Current Liabilities

$1,017

$850

Long-Term Debt

550

500

   Total Liabilities

$1,567

$1,350

Common Stock

2154

2,200

Retained Earnings

734

500

Less Treasury Stock

46

0

   Total Shareholder Equity

$2,888

$2,700

Liabilities and Shareholder Equity

$4,455

$4,050

Cash Flow Statement for year ending December 31, 2010

Operating Activities

   Net Income

$344

   Depreciation and Amortization

190

   Increase in Accounts Receivables

(125)

   Increase in Inventories

(75)

   Increase in Accounts Payables

80

   Decrease in Miscellaneous Payables

(5)

       Net Cash Provided by Operations

409

Investing Activities

   Purchase of equipment

(365)

   Increase in Short Term Investments

(5)

       Net Cash Used for Investment Activities

(370)

Financing Activities

   Dividends paid

(110)

   Increase in Notes Payable

92

   Increase in Long Term Debt

50

   Purchase stock for Treasury

(46)

       Net Cash used for Financing Activities

(14)

Beginning Cash Balance January 1, 2010

250

Ending Cash Balance December 31, 2010

275

      Net Cash Flow

$25

1.     Develop Free Cash Flow for 2010 from the income statement, balance sheet and cash flow statement above.

,??????-??.=,(??????????-??.+D&A) –(investment in fixed assets + change in net operating working capital)

Homework Answers

Answer #1

I can only see the first question "Develop Free Cash Flow for 2010 from the income statement, balance sheet and cash flow statement above" and thus providing answer to this part only.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Given the following financial statements for Voice-Soft, a voice recognition company, answer the questions on the...
Given the following financial statements for Voice-Soft, a voice recognition company, answer the questions on the next page. Income Statement for years 2010 2009 Sales $5,500 $5,000 Operating Costs excluding Depreciation and Amortization 4,675 4,250 EBITDA 825 750 Depreciation and Amortization 190 180 EBIT $635 $570 Interest Expense 62 50 EBT $573 $520 Taxes (40%) 229 208 NI $344 $312 Balance Sheet for years ending December 31 2010 2009 Assets: Cash $275 $250 Short Term Investments 55 50 Accounts Receivable...
Use the starting balance sheet and statement of cash flows to answer the question. Siam Traders...
Use the starting balance sheet and statement of cash flows to answer the question. Siam Traders Balance Sheet As of December 31, 2019 (amounts in thousands) Cash 91,000 Accounts Payable 19,000 Accounts Receivable 44,000 Debt 24,000 Inventory 48,000 Other Liabilities 6,000 Property Plant & Equipment, Gross 234,000 Total Liabilities 49,000 Accumulated Depreciation 78,000 Paid-In Capital 69,000 Property Plant & Equipment, Net 156,000 Retained Earnings 247,000 Other Assets 26,000 Total Equity 316,000 Total Assets 365,000 Total Liabilities & Equity 365,000 Siam...
Use the starting balance sheet and statement of cash flows to answer the question. Gulf Shipping...
Use the starting balance sheet and statement of cash flows to answer the question. Gulf Shipping Company Balance Sheet As of December 31, 2019 (amounts in thousands) Cash 143,000 Accounts Payable 19,000 Accounts Receivable 41,000 Debt 32,000 Inventory 58,000 Other Liabilities 40,000 Property Plant & Equipment, Gross 210,000 Total Liabilities 91,000 Accumulated Depreciation 62,000 Paid-In Capital 77,000 Property Plant & Equipment, Net 148,000 Retained Earnings 229,000 Other Assets 7,000 Total Equity 306,000 Total Assets 397,000 Total Liabilities & Equity 397,000...
Use the starting balance sheet and statement of cash flows to answer the question. Torche Corporation...
Use the starting balance sheet and statement of cash flows to answer the question. Torche Corporation Balance Sheet As of December 31, 2017 (amounts in thousands) Cash 147,000 Accounts Payable 24,000 Accounts Receivable 48,000 Debt 37,000 Inventory 38,000 Other Liabilities 50,000 Property Plant & Equipment, Gross 218,000 Total Liabilities 111,000 Accumulated Depreciation 60,000 Paid-In Capital 60,000 Property Plant & Equipment, Net 158,000 Retained Earnings 229,000 Other Assets 9,000 Total Equity 289,000 Total Assets 400,000 Total Liabilities & Equity 400,000 Torche...
Use the starting balance sheet and statement of cash flows to answer the question. Stuart Company...
Use the starting balance sheet and statement of cash flows to answer the question. Stuart Company Balance Sheet As of December 31, 2019 (amounts in thousands) Cash 84,000 Accounts Payable 28,000 Accounts Receivable 47,000 Debt 34,000 Inventory 42,000 Other Liabilities 9,000 Property Plant & Equipment, Gross 243,000 Total Liabilities 71,000 Accumulated Depreciation 71,000 Paid-In Capital 67,000 Property Plant & Equipment, Net 172,000 Retained Earnings 235,000 Other Assets 28,000 Total Equity 302,000 Total Assets 373,000 Total Liabilities & Equity 373,000 Stuart...
Rosnan Industries' 2018 and 2017 balance sheets and income statements are shown below. Balance Sheets Assets...
Rosnan Industries' 2018 and 2017 balance sheets and income statements are shown below. Balance Sheets Assets 2018 2017 Cash and equivalents $100 $85 Accounts receivable 275 300 Inventories 375 250 Total current assets $750 $635 Net plant and equipment 2,300 1,490 Total assets $3,050 $2,125 Liabilities and Equity Accounts payable $150 $85 Accruals 75 50 Notes payable 150 75 Total current liabilities $375 $210 Long-term debt 450 290 Total liabilities 825 500 Common stock 1,225 1,225 Retained earnings 1,000 400...
Quantitative Problem: Rosnan Industries' 2019 and 2018 balance sheets and income statements are shown below. Balance...
Quantitative Problem: Rosnan Industries' 2019 and 2018 balance sheets and income statements are shown below. Balance Sheets Assets 2019 2018 Cash and equivalents $100   $85   Accounts receivable 275   300   Inventories 375   250         Total current assets $750   $635   Net plant and equipment 2,300   1,490   Total assets $3,050   $2,125   Liabilities and Equity Accounts payable $150   $85   Accruals 75   50   Notes payable 150   75         Total current liabilities $375   $210   Long-term debt 450   290         Total liabilities 825   500   Common stock 1,225   1,225   Retained earnings...
Quantitative Problem: Rosnan Industries' 2019 and 2018 balance sheets and income statements are shown below. The...
Quantitative Problem: Rosnan Industries' 2019 and 2018 balance sheets and income statements are shown below. The balance in the firm's cash and equivalents account is needed for operations and is not considered "excess" cash. Using the financial statements given below, what is Rosnan's 2019 free cash flow (FCF)? Use a minus sign to indicate a negative FCF. Round your answer to the nearest cent. $ ??? Balance Sheets Assets 2019 2018 Cash and equivalents $100   $85   Accounts receivable 275   300  ...
Balance Sheets: 2018 2017 Assets Cash and equivalents $100   $85   Accounts receivable 275   300   Inventories 375  ...
Balance Sheets: 2018 2017 Assets Cash and equivalents $100   $85   Accounts receivable 275   300   Inventories 375   250         Total current assets $750   $635   Net plant and equipment 2,300   1,490   Total assets $3,050   $2,125   Liabilities and Equity Accounts payable $150   $85   Accruals 75   50   Notes payable 150   75         Total current liabilities $375   $210   Long-term debt 450   290         Total liabilities $825   $500   Common stock 1,225   1,225   Retained earnings 1,000   400         Total common equity $2,225   $1,625   Total liabilities and equity $3,050   $2,125   Income Statements:...
The following items involve the cash flow activities of Prizzie Company for 2020: Net income $162,000...
The following items involve the cash flow activities of Prizzie Company for 2020: Net income $162,000 Payment of dividends 25,000 1,000 shares of stock issued at $20 par 20,000 Amortization expense on patents 7,000 Plant assets acquired at a cost of 75,000 Accounts receivable increase of 9,000 Accounts payable decrease of 10,000 Salaries payable increase of 6,500 Beginning cash balance 18,000 Required: Prepare the statement of cash flows of Prizzie Company for 2020 using the indirect method. Labels Financing Activities...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT