5. From the following Balance Sheets of Roop Ltd., prepare a cash flow statement. 2021 (Rs.) I. Equity and Liabilities Equity Share Capital 15000 12% Preference share capital 7500 2000 1500 3750 29750 General Reserve P & L A/C Creditors Total II. Assets Goodwill Building Plant Debtors Stock Cash Total Depreciation charged on plant was Rs. 1000 and on building Rs. 6000. [Ans. Cash from operations Rs. 8150; Net decrease in cash Rs. 350. Purchase of plant Rs. 7000; purchase of building Rs. 4000]. 3600 8000 4000 11900 1000 1250 27950 2022 (Rs.) 2,0000 5000 3500 2400 4950 35850 2000 6000 10000 15450 1500 900 35850

5. From the following Balance Sheets of Roop Ltd., prepare a cash flow statement. 2021 (Rs.) I. Equity and Liabilities Equity Share Capital 15000 12% Preference share capital 7500 2000 1500 3750 29750 General Reserve P & L A/C Creditors Total II. Assets Goodwill Building Plant Debtors Stock Cash Total Depreciation charged on plant was Rs. 1000 and on building Rs. 6000. [Ans. Cash from operations Rs. 8150; Net decrease in cash Rs. 350. Purchase of plant Rs. 7000; purchase of building Rs. 4000]. 3600 8000 4000 11900 1000 1250 27950 2022 (Rs.) 2,0000 5000 3500 2400 4950 35850 2000 6000 10000 15450 1500 900 35850

Name: 5. From the following Balance Sheets of Roop Ltd., prepare a cash flo
Uploaded: 2024-03-05T11:47:04.000Z
Channel: Bartleby
Description: 5. From the following Balance Sheets of Roop Ltd., prepare a cash flow statement.I. Equity and Liabilities2021 (Rs.)Equity Share Capital1500012% Preference share capital7500General Reserve2000P & LA/C1500Creditors3750Total29750II. AssetsGoodwillBuil

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

A company has the following balance sheet. What is its total net operating capital? (Round it to a whole dollar, if necessary) Cash $ 20 Accounts payable $ 60 Short-term investments 30 Accruals 50 Accounts receivable 50 Notes payable 10 Inventory 80 Current liabilities xxx Current assets xxx Long-term debt 70 Net fixed assets 100 Common equity 30 Retained earnings xx Total assets $xxx Total liab. & equity $xx
Sunland Co. reports the following information: Net cash provided by operating activities Average current liabilities Average long-term liabilities Dividends paid Capital expenditures Purchase of treasury stock Payments of debt Sunland's free cash flow is $192000. $292000. $62000. O $16000. $422000 314000 214000 130000 230000 23000 72000
JEY-4322 Inc. reported the following data for last year: JEY-4322 Inc.Balance Sheet Beginning BalanceEnding BalanceAssets Cash$ 128,000$ 139,000Accounts receivable331,000481,000Inventory567,000471,000Plant and equipment, net894,000869,000Investment in Tesla Inc.400,000428,000Land (undeveloped)246,000249,000Total assets$ 2,566,000$ 2,637,000Liabilities and Stockholders' Equity Accounts payable$ 382,000$ 341,000Long-term debt981,000981,000Stockholders' equity1,203,0001,315,000Total liabilities and stockholders' equity$ 2,566,000$ 2,637,000 JEY-4322 Inc.Income StatementSales $ 3,880,000Operating expenses 3,336,800Net operating income 543,200Interest and taxes: Interest expense$ 111,000 Tax expense197,000308,000Net income $ 235,200 JEY-4322 Inc. paid dividends of $123,200 last year. The “Investment in Tesla Inc.” item on the balance sheet represents an investment in the stock of another company. The company's minimum required rate of return is 15%. What was the company’s residual income…
Use the following balance sheet data to compute the net operating working capital. Cash Accounts Receivable Inventory Current Assets Net fixed assets Total assets $60 160 200 $420 $700 $1,120 Account payable Accruals Notes payable Current liabilities Long-term debt Common equity Retained earnings Total liabilities and equity $180 110 200 $490 250 160 220 $1,120
Statement of Cash Flow Preparation Activity Consider the following journal entries: Entry (a) cash $4 %$4 81,000.00 common stock 81,000.00 (b) treasury stock 13,000.00 cash 13,000.00 (c) cash 60,000.00 sales revenue 60,000.00 (d) land 87,700.00 cash 87,700.00 (e) depreciation expense 9,000.00 accumulated depreciation 9,000.00 (f) dividends payable 16,500.00 cash 16,500.00 (g) land 18,000.00 cash 18,000.00 (h) cash 7,200.00 7,200.00 equipment (1) bonds payable cash 45,000.00 45,000.00 (1) building 164,000.00 164,000.00 note payable, long-term (k) loss on disposal of equipment | 1,400.00 equipment, net 1,400.00 Indicate whether each transaction would result in an operating activity, an investing activity, or a financing activity for an indirect method statement of cash flow and the accompanying schedule of non-cash investing and financing activities. Click here to enter text. %24
Accounting Suppose that a company's cash flow statement showed the following: o Net Income: $19,917.48 o Depreciation: $3,109.46 o Accounts receivable: $-996.63 o Inventory: $489.61 o Accounts payable: $984.18 What is this company's net cash from operating activities? $22,519.92 $23,014.49 $23,516.55 $20,394.64 $23,504.10
s17-7 Prepare the operating section of Preston Media Corporation's 2020 cash flow statement using the indirect method. Use the comparative balance sheet provided and the following selected fiscal 2020 income statement information: • Net income, $19,000 Amortization expense, $11,000 PRESTON MEDIA CORPORATION Balance Sheet March 31, 2020 and 2019 Assets 2020 2019 Current assets Cash $ 5,000 $ 3,900 Accounts receivable 9,600 5,100 Company vehicle Less: Accumulated amortization-company vehicle 105,350 84,350 29,350 18,350 Total assets $90,600 $75,000 Liabilities Current liabilities Accounts payable $8,000 $ 4,500 Long-term liabilities Notes payable 9,000 12,000 Total liabilities 17,000 16,500 Shareholders' Equity Common shares 27,000 23,000 Retained earnings 46,600 35.500 Total shareholders equity Total liabilities and shareholders' equity 73,600 590,600 58,500 $25,000
Data pertaining to the current position of Forte Company follow:Cash $412,500Marketable securities 187,500Accounts and notes receivable (net) 300,000Inventories 700,000Prepaid expenses 50,000Accounts payable 200,000Notes payable (short-term) 250,000Accrued expenses 300,000 Instructions1. Compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. Round ratios in parts b through j to one decimal place.2. List the following captions on a sheet of paper:Transaction Working Capital Current Ratio Quick Ratio Compute the working capital, the…
23. Condensed financial data of Novak Company for 2020 and 2019 are presented below. NOVAK COMPANYCOMPARATIVE BALANCE SHEETAS OF DECEMBER 31, 2020 AND 2019 2020 2019 Cash $1,830 $1,180 Receivables 1,710 1,320 Inventory 1,590 1,920 Plant assets 1,890 1,710 Accumulated depreciation (1,220 ) (1,190 ) Long-term investments (held-to-maturity) 1,320 1,440 $7,120 $6,380 Accounts payable $1,190 $890 Accrued liabilities 210 260 Bonds payable 1,400 1,580 Common stock 1,940 1,660 Retained earnings 2,380 1,990 $7,120 $6,380 NOVAK COMPANYINCOME STATEMENTFOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $6,720 Cost of goods sold 4,680 Gross margin 2,040 Selling and administrative expenses 920 Income from operations…
You are given the following income statement and balance sheet: Income Statement Sales EBT Taxes (40%) Net Income Cash A/R Inventories Total CA Fixed Assets Total Assets $15,000 $800 $320 $480 Balance Sheet $100 $2,000 $4.000 Accounts Payable Debt Common Stock Retained Eamings $6,100 $1,900 $8,000 Total Claims $1,000 $4,000 $2,000 $1,000 $8,000 Now make the following forecast and assumptions for the upcoming year: Sales are expected to increase by $5.400 over the coming year. All assets and accounts payable can be expressed as a percentage of sales. The firm's profit margin will remain at 3.2 percent. The firm has a dividend payout rate of 75 percent. Using the equation method, determine the additional funds needed for the coming yea
2.Selected financial statement information and additional data for Sunlight Co. is presented below. Prepare a statement of cash flows for the year ending December 31, 2020. December 31 2019 2020 Cash., Accounts receivable (net) Inventory. Land . Equipment. TOTAL $42,000 84,000 168,000 58,800 504,000 S856.800 $60,000 144,200 206,600 26,000 789,600 SL.226 400 Accumulated depreciation. Accounts payable. Notes payable - short-term. Notes payable - long-term. Common stock Retained earnings. ТОTAL $84,000 50,400 67,200 168,000 420,000 67.200 $856.800 $110,600 91,000 29,400 302,400 487,200 205.800 S1.226.400 Additional data for 2020: 1. Net income was $230,200 2. Depreciation was $26,600. 3. Land was sold at its original cost. 4. Dividends of S91,600 were paid. S. Equipment was purchased for $84,000 cash. 6. A long-term note for S201,600 was used to pay for an equipment purchase. 7. Common stock was issued to pay a $67,200 long-term note payable.
A company has the following balance sheet. What is its total net operating capital? (Round it to a whole dollar, if necessary) Cash $ 20 Accounts payable $ 45 Short-term investments 30 Accruals 50 Accounts receivable 50 Notes payable 10 Inventory 50 Current liabilities xxx Current assets xxx Long-term debt 70 Net fixed assets 100 Common equity 30 Retained earnings xx Total assets $xxx Total liab. & equity $xxx