2. Below are reformulated balance sheet and income statement of a company (no financial liabilities). Complete the reformulated financial statements by filling in the missing numbers. What is the free cash flows in 2021 and 2022 respectively? Total Operating Assets Total Operating Liabilities Total Financing Assets Shareholders' Equity: 2020 19,000 2021 2022 20,500 22,000 2,100 2,300 1700 12,400 14,800 15,500 Operating income (after tax) 2021 2022 1,400 2,100 Net financing income (after tax) Comprehensive Income $1,100 $1,700

2. Below are reformulated balance sheet and income statement of a company (no financial liabilities). Complete the reformulated financial statements by filling in the missing numbers. What is the free cash flows in 2021 and 2022 respectively? Total Operating Assets Total Operating Liabilities Total Financing Assets Shareholders' Equity: 2020 19,000 2021 2022 20,500 22,000 2,100 2,300 1700 12,400 14,800 15,500 Operating income (after tax) 2021 2022 1,400 2,100 Net financing income (after tax) Comprehensive Income $1,100 $1,700

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 6MC: Selected information from Brook Corporations accounting records and financial statements for 2019...

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Selected information from Brook Corporations accounting records and financial statements for 2019 follows: On the statement of cash flows for the year ended December 31, 2019, Brook should disclose a net increase in cash in the amount of: a. 1,700,000 b. 2,400,000 c. 3,700,000 d. 4,200,000
Compute and analyse the trend analysis of the company. attached the Income statement and balance sheet
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Prepare the income statements and balance sheets for years 2018 and 2019 for Thompson Company using the following information. The balance sheet numbers are at the end of year figures.Item20182019Accounts Payable120.0150.0Accounts Receivable150.0180.0Accumulated Depreciation330.0360.0Cash & Cash Equivalents10.012.0Common Stock150.0200.0Cost of Goods Sold750.0850.0Depreciation25.030.0Interest Expense30.033.0Inventory200.0180.0Long-term Debt150.0150.0Gross Plant & Equipment650.0780.0Retained Earnings208.5225.0Sales1,500.01,700.0SG&A Expenses500.0570.0Notes Payable51.567.0Tax Rate21%21%(2) Answer the following questions:(a) How much did Thompson Company spend in acquiring fixed assets in 2019?(b) How much dividend did Thompson Company pay out during 2019?(c) Using the end of year numbers, did the long-term solvency ratios improve or deteriorate from 2018 to 2019? Answer this question using at least two long-term solvency ratios.(d) Using the end of year numbers, did the asset…
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