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Dole Cole Company’s balance sheet is as follows: Dole Cole Company Balance Sheet December 31 Assets...

Dole Cole Company’s balance sheet is as follows: Dole Cole Company Balance Sheet December 31 Assets 2019 2018 RM RM Cash 15,000 16,000 Marketable securities 7,200 8,000 Accounts receivable 34,100 42,200 Inventories 82,000 50,000 Total current assets 138,300 116,200 Land and buildings 150,000 150,000 Machinery and equipment 200,000 190,000 Furniture and fixtures 54,000 50,000 other 11,000 10,000 Total gross fixed assets 415,000 400,000 Less: Accumulated depreciation 145,000 115,000 Net fixed assets 270,000 285,000 Total assets 408,300 401,200 Liabilities and Stockholders' Equity Account payable 57,000 49,000 Notes payable 13,000 16,000 Accruals 5,000 6,000 Total current liabilities 75,000 71,000 Long Term Debt 150,000 160,000 Stockholders' equity ? 170,200 Total liabilities and stockholders' equity 408,300 401,200 Other information: 2019 RM Sales 600,000 Depreciation 30,000 Cost of goods sold 460,000 General and administrative expenses 30,000 Interest expense 10,000 Note: Assume the tax rate for this company is at 25%.

Stockholders' equity 2019: __________

Common Stock 2018: __________

Retained earnings 2019: __________

Dividends paid 2019: __________

Calculate the cash flow to stockholders and creditors for the year ending December 31, 2019

Gross profit: __________

Earning before interest and taxes (EBIT): __________

Earning before taxes (Taxable income): __________

Taxes: __________

Net Income: __________

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Answer #1
Stockholders' equity 2019=total assets-current liabilities-long term debt
408300-75000-150000
183300
Common Stock 2018=Stockholders' equity2018-retained earnings2018
170200-50200
120000
Retained earnings 2019=Stockholders' equity 2019-Common Stock 2019
183300-110200
73100
addition to Retained Earnings2019=RE2019-RE2018
73100-50200
22900
Dividends paid 2019= Net income 2019-addition to Reatined earnings2019
52500-22900
29600
cash flow to stockholders and creditors for the year ending December 31, 2019
Sales (a) 600000
Cost of goods sold 460000
Depriciation 30000
general & administrative expenses 30000
total(b) 520000
EBIT(a-b) 80000
less: Interst 10000
EBT 70000
less Taxes (25%) 17500
Net Income 52500
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