5. Rebecky's Flowers 4U, Inc., had free cash flows during 2012 of $60 million, EBIT of $140 million, tax expense paid on its EBIT of $24 million, and depreciation of $14 million. Using this information, calculate the missing amounts on Rebecky's balance sheet below. (Enter your answers in millions of dollars.) Current assets: Cash & marketable securities Accounts receivable Inventory Balance Sheet as of December 31, 2012 and 2011 (in millions of dollars) 2011 2012 Current liabilites: Accrued wages & taxes $27.00 $ 24.00 $78.00 $68.00 Accounts payable $136.00 $118.00 Notes payable $241.00 $210.00 Total CL Total CA Fixed assets: Gross plant & equipment $400.00 $350.00 Equity: Less: Depreciation Net plant & equipment Other long-term assets Total FA Total assets Long-term debt: Preferred stock (5 mil $84.00 $ 70.00 shares) Common stock & paid-in surplus (20 mil shares) $316.00 $80.00 $396.00 $360.00 Total Equity $637.00 $570.00 Total liabilites & equity $280.00 $80.00 Retained earnings 2012 2011 $ 32.00 $ 30.00 $ 40.00 $70.00 $ 70.00 $140.00 $175.00 $ 5.00 $ 5.00 $80.00 $ 80.00 $207.00 $170.00 $292.00 $255.00 $637.00 $570.00
5. Rebecky's Flowers 4U, Inc., had free cash flows during 2012 of $60 million, EBIT of $140 million, tax expense paid on its EBIT of $24 million, and depreciation of $14 million. Using this information, calculate the missing amounts on Rebecky's balance sheet below. (Enter your answers in millions of dollars.) Current assets: Cash & marketable securities Accounts receivable Inventory Balance Sheet as of December 31, 2012 and 2011 (in millions of dollars) 2011 2012 Current liabilites: Accrued wages & taxes $27.00 $ 24.00 $78.00 $68.00 Accounts payable $136.00 $118.00 Notes payable $241.00 $210.00 Total CL Total CA Fixed assets: Gross plant & equipment $400.00 $350.00 Equity: Less: Depreciation Net plant & equipment Other long-term assets Total FA Total assets Long-term debt: Preferred stock (5 mil $84.00 $ 70.00 shares) Common stock & paid-in surplus (20 mil shares) $316.00 $80.00 $396.00 $360.00 Total Equity $637.00 $570.00 Total liabilites & equity $280.00 $80.00 Retained earnings 2012 2011 $ 32.00 $ 30.00 $ 40.00 $70.00 $ 70.00 $140.00 $175.00 $ 5.00 $ 5.00 $80.00 $ 80.00 $207.00 $170.00 $292.00 $255.00 $637.00 $570.00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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J3.
Account
Transcribed Image Text:5. Rebecky's Flowers 4U, Inc., had free cash flows during 2012 of $60 million,
EBIT of $140 million, tax expense paid on its EBIT of $24 million, and
depreciation of $14 million. Using this information, calculate the missing amounts
on Rebecky's balance sheet below. (Enter your answers in millions of dollars.)
Current assets:
Cash & marketable
securities
Accounts receivable
Inventory
Balance Sheet as of December 31, 2012 and 2011
(in millions of dollars)
2011
Total CA
Fixed assets:
Gross plant & equipment
Less: Depreciation
Net plant & equipment
Other long-term assets
Total FA
Total assets
2012
Current liabilites:
Accrued wages & taxes
$27.00 $ 24.00
$78.00 $68.00 Accounts payable
$136.00 $118.00 Notes payable
$241.00 $210.00 Total CL
Long-term debt:
$400.00 $350.00 Equity:
Preferred stock (5 mil
$84.00 $70.00 shares)
Common stock & paid-in
surplus (20 mil shares)
$316.00 $280.00
$ 80.00 $ 80.00 Retained earnings
$396.00 $360.00 Total Equity
$637.00 $570.00 Total liabilites & equity
2012
$
2011
$ 32.00 $ 30.00
40.00
$70.00 $ 70.00
$140.00
$175.00
5.00 $ 5.00
$80.00 $ 80.00
$207.00 $170.00
$292.00 $255.00
$637.00 $570.00
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