Question

USE THE INCOME STATEMENT AND BALANCE SHEET SHOWN BELOW TO DEVELOP THE STATEMENT OF CASH FLOW...

  1. USE THE INCOME STATEMENT AND BALANCE SHEET SHOWN BELOW TO DEVELOP THE STATEMENT OF CASH FLOW

YEAR T + 1

Revenue

$5700

COGS

$4560

Gross Profit

$1140

Operating expenses

$500

Depreciation

$27

Ebit

$613

Interest Expenses

$35

EBT

$578

Taxes

$231.20

NI

$346.80

Dividends

$0

CHANGE IN RE

$346.80

BALANCE SHEET

YEAR T + 1                                 YEAR T

CASH AND EQUIVALENTS -                              $714.80.                                       $120

ACCOUNTS RECEIVABLE -                               $500                                               $500

INVENTORY -                                                   $300                                                $340

TOTAL CURRENT ASSETS -                              $1514.80                                        $960

FIXED ASSETS -                                                $660                                                $800

ACCUMULATED DEPRECIATION -                   $227                                                $200

NET FIXED ASSETS -                                         $433                                                $600

TOTAL ASSETS -                                              $1947.80                                         $1560

ACCOUNTS PAYABLE -                                    $320                                                $300

SHORT TERM NOTES PAYABLE -                     $40                                                    $50

ACCURALS -                                                     $11                                                    $10

TOTAL CURRRENT LIABILITIES -                     $371                                                  $360

LONG TERM DEBT -                                         $780                                                  $750
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Homework Answers

Answer #1

Statement of Cash Flow

Cash flow from operating activities   $ $

Earnings before Taxation 578

Adjustments for Depreciation 27

Interest 35

Operating profit before working caital changes 640

Decrease in inventory 40

increase in Accounts payable 20

Decrease in Notes payable -10    increase in accruals 1

Cash generated from operations 691

taxes paid   - 231.20

Net cash from operating Activities 459.80

Cash flows from Investing Activities

Proceeds from sale of Fixed Assets 140

Net cash from Investing Activites 140

Cash flows from financing Activities

Proceeds from long term debt 30

interest paid -35

Net Cash from Financing Activities -5

Net increase in Cash & Cash Equivalents 594.8

Cash and Cash Equivalents at the begining of the period    120

Cash and Cash Equivalents at the end of the period 714.8

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