3. Use these financial statements to answer questionsBalance Sheet200720082008$ 2,100 $ 2,300 Accounts payable5,600 Long-term debt9,800 11,400 Common stock27.100 26.800 Retained earnings2007$ 3,600 $ 4,20024,600 15,40011,500 13,0004.200 13.500CashAccounts receivable4,900InventoryNet fixed assetsTotal assets$43.900 S46,100 Total liabilities and equity $43.900 $46,100Income StatementNet SalesCostsDepreciationEBITInterestTaxable income$61,80039,2005.20017,4001.10016,3005.500$10,800ТахesNet Incomei.What is the cash flow to stockholders for 2008? What is the cash flow to creditorfor 2008?nach flow? What is the amount of the CFFA

Given the following information: Cash2007: $2,1002008: $2,300 Accounts receivable2007: $4,9002008:…

3. Use these financial statements to answer questions Balance Sheet 2008 2008 2007 $ 3,600 $ 4,200 24,600 15,400 11,500 13,000 4,200 13.500 2007 Cash Accounts receivable Inventory Net fixed assets Total assets $ 2,100 S 2,300 Accounts payable 5,600 Long-term debt 9,800 11,400 Common stock 27.100 26.800 Retained earnings 4,900 $43.900 $46,100 Total liabilities and equity $43.900 $46,100 Net Sales Costs Depreciation EBIT Interest Taxable income Taxes Net Income Income Statement $61,800 39,200 5.200 17,400 1100 16,300 5.500 $10,800 What is the cash flow to stockholders for 2008? What is the cash flow to credita for 2008? i. aWhat ie the amount of the CFF

3. Use these financial statements to answer questions Balance Sheet 2008 2008 2007 $ 3,600 $ 4,200 24,600 15,400 11,500 13,000 4,200 13.500 2007 Cash Accounts receivable Inventory Net fixed assets Total assets $ 2,100 S 2,300 Accounts payable 5,600 Long-term debt 9,800 11,400 Common stock 27.100 26.800 Retained earnings 4,900 $43.900 $46,100 Total liabilities and equity $43.900 $46,100 Net Sales Costs Depreciation EBIT Interest Taxable income Taxes Net Income Income Statement $61,800 39,200 5.200 17,400 1100 16,300 5.500 $10,800 What is the cash flow to stockholders for 2008? What is the cash flow to credita for 2008? i. aWhat ie the amount of the CFF

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Net Sales COGS Net Income Accounts Receivable Inventory Current Assets Fixed Assets Total Assets Current Liabilities Long-Term Debt Total Liabilities Shareholder's Equity Number of Shares Outstanding now Transcribed Text 1 10586 1582 2936 3333 1 7929 7294 15223 3026 288 3314 11909 7493 G C 2 4048 2025 21 230 44 299 1281 1580 369 245 614 966 48 Questions 1. What company collects its receivables the slowest? 2 w 3 213 66 7 9 16 68 12 80 23 1 24 56 24
what does the percentages mean in vertical analysis? Year 4 % of Sales Year 3 % of Sales Assets Current Assets Cash $ 40,000 6.67 $ 36,000 6.67 Marketable Securities 20000 3.33 6000 1.11 Accounts Receivable 54000 9.00 46000 8.52 Inventories 135000 22.50 143000 26.48 Prepaid Items 25000 4.17 10000 1.85 Total Assets current 274000 45.67 241000 44.63 Investments 27000 4.50 20000 3.70 plant net 270000 45.00 255000 47.22 Land 29000 4.83 24000 4.44 Total Assets $ 600,000 100.00 $ 540,000 100.00 Liabilities and Stock equity Liabilities Current Liabilities Notes payable $ 17,000 2.83 $ 6,000 1.11 Accounts payable 113800 18.97 100000 18.52 salaries payable 21000 3.50 15000 2.78 Total current liabilities 151800 25.30 121000 22.41 Noncurrent liabilities…