Prepare the operating activities section of the statement of cash flows using the indirect method.Note: Amounts to be deducted should be indicated with a minus sign.Statement of Cash Flows (partial)Cash flows from operating activities-indirect methodAdjustments to reconcile net income to net cash provided by operating activitiesIncome statement items not affecting cashChanges in current assets and liabilities0 Arundel Company disclosed the following information for its recent calendar year.Selected Year-End Balance Sheet DataAccounts receivable decreasePurchased a machine for cashSalaries payable increaseInterest payable decreaseIncome Statement DataRevenuesExpenses:Salaries expenseUtilities expenseDepreciation expenseInterest expenseNet loss$ 100,00084,00014,00014,6003,400$ (16,000)$ 24,00010,00018,0008,000

The cash flow statement assesses a corporation's ability to handle its cash balance, or how…

Arundel Company disclosed the following information for its recent calendar year. Selected Year-End Balance Sheet Data Accounts receivable decrease Purchased a machine for cash Salaries payable increase Interest payable decrease Income Statement Data Revenues Expenses: Salaries expense Utilities expense Depreciation expense Interest expense Net loss $ 100,000 84,000 14,000 14,600 3,400 $ (16,000) $ 24,000 10,000 18,000 8,000

Arundel Company disclosed the following information for its recent calendar year. Selected Year-End Balance Sheet Data Accounts receivable decrease Purchased a machine for cash Salaries payable increase Interest payable decrease Income Statement Data Revenues Expenses: Salaries expense Utilities expense Depreciation expense Interest expense Net loss $ 100,000 84,000 14,000 14,600 3,400 $ (16,000) $ 24,000 10,000 18,000 8,000

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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Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 450,600 298,350 152,250 99,300 4,500 Cost of goods sold Gross profit Operating expenses Interest expense. Income before taxes Income tax expense Net income $ 10,000 Accounts payable Accrued wages payable 9,200 31,400 Income taxes payable 30,150 Long-term note payable, secured by mortgage on plant assets 3,050 Common stock 152,300 Retained earnings $ 236,100 Total liabilities and equity CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity 48,450 19,518 $ 28,932 $ 17,500 3,800 4,700 69,400 88,000 52,700 $ 236,100 Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in inventory, (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total…
Data extracts from Dilley's accounts are shown below Ye-Dec-21 Ye-Dec-20 Non-current assets (nbv) 206,000 200,000 Plant Inventory Receivables Cash at Bank Total Assets Share Capital Reserves Long term loans Payables Taxation Interest Total Liabilities & Equity Operating Profits Interest Taxation Profit for the Year Notes: Annual depreciation charges were £20,000. There were no non-current asset disposals. Required: a) Prepare a statement of cashflows for Ye-Dec-21. b) Reconcile the annual movement in non-current assets. c) For Ye-Dec-21 calculate: Interest Cover Ratio, Current & Quick Asset ratios 85,000 74,000 150,000 120,000 46,000 15,000 487,000 409,000 210,000 210,000 77,000 70,000 92,000 32,000 95,000 89,000 8,000 5,000 5,000 3,000 487,000 409,000 50,000 -15,000 -10,000 25,000
Please help me with show all calculation thanku
The Cash and Accounts Receivable end-of-year balances for a company are provided below. Current Year Prior Year Cash $45,537 $35,300 Accounts receivable (net) 35,900 71,800 Based on this information, what is the amount and percentage of increase or decrease that would be shown with horizontal analysis? Enter a decrease using a minus sign before the amount and the percentage. Account Dollar Change Percent Change Cash $fill in the blank 1 fill in the blank 2 % Accounts Receivable $fill in the blank 4 fill in the blank 5 % increase,decrease
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atio of Cash to Monthly Cash Expenses Financial data for Abrams Company follow: For Year EndedDecember 31 Cash on December 31 $54,270 Cash flow from operations (97,200) a. Compute the ratio of cash to monthly cash expenses. Round your answer to one decimal place.fill in the blank 1 months b. Interpret the results computed in (a).
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Arundel Company disclosed the following information for its recent calendar year. Income Statement Data Revenues Expenses: Salaries expense Utilities expense Depreciation expense Other expenses Net loss $ 95,000 73,000 35,000 28,800 9,000 $(50,800) Cash flows from operating activities Selected Year-End Balance Sheet Data Accounts receivable decrease Purchased a machine for cash Salaries payable increase Other accrued liabilities decrease Prepare the operating activities section of the statement of cash flows using the indirect method. (Any loss or amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (partial) $25,000 19,000 24,000 15,000