Cafés Richard Bangladesh 2020 Income Statement Net sales Cost of goods sold Depreciation Earnings before interest and taxes Less: Interest paid Taxable Income Tk. 5,680,000 (4,060,000) (420,000) 1,200,000 (30,000) 1,170,000 (410,000) Tk. 760,000 Less: Taxes Net income Dividends 500,000 2019 70,000 980,000 Cafés Richard Bangladesh Comparative Balance Sheets 2020 180,000 840,000 2019 1,350,000 1,170,000 720,000 3,200,000 3,500,000 940,000 1.200.000 2020 Cash Accounts payable Long-term debt Accounts rec. 500,000 Common stock Inventory Total Current Assets 1,560,000 1,990,000 2,610,000 3,010,000 3.600,000 3.360,000 6,210,000 6,370,000 Total liabilities & equity 6,210.000 6.370,000 Retained earnings Net fixed assets Total assets Required a. Calculate cash flow from assets for 2020;
Cafés Richard Bangladesh 2020 Income Statement Net sales Cost of goods sold Depreciation Earnings before interest and taxes Less: Interest paid Taxable Income Tk. 5,680,000 (4,060,000) (420,000) 1,200,000 (30,000) 1,170,000 (410,000) Tk. 760,000 Less: Taxes Net income Dividends 500,000 2019 70,000 980,000 Cafés Richard Bangladesh Comparative Balance Sheets 2020 180,000 840,000 2019 1,350,000 1,170,000 720,000 3,200,000 3,500,000 940,000 1.200.000 2020 Cash Accounts payable Long-term debt Accounts rec. 500,000 Common stock Inventory Total Current Assets 1,560,000 1,990,000 2,610,000 3,010,000 3.600,000 3.360,000 6,210,000 6,370,000 Total liabilities & equity 6,210.000 6.370,000 Retained earnings Net fixed assets Total assets Required a. Calculate cash flow from assets for 2020;
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Transcribed Image Text:Cafés Richard Bangladesh
2020 Income Statement
Net sales
Cost of goods sold
Depreciation
Earnings before interest and taxes
Less: Interest paid
Taxable Income
Tk. 5,680,000
(4,060,000)
(420,000)
1,200,000
(30,000)
1,170,000
(410,000)
Tk. 760,000
Less: Taxes
Net income
Dividends
500,000
2019
70,000
980,000
Cafés Richard Bangladesh
Comparative Balance Sheets
2020
180,000
840,000
2019
1,350,000 1,170,000
720,000
3,200,000 3,500,000
940,000 1.200.000
2020
Cash
Accounts payable
Long-term debt
Accounts rec.
500,000
Common stock
Inventory
Total Current Assets
1,560,000 1,990,000
2,610,000 3,010,000
3.600,000 3.360,000
6,210,000 6,370,000 Total liabilities & equity 6,210.000 6.370,000
Retained earnings
Net fixed assets
Total assets
Required
a. Calculate cash flow from assets for 2020;
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