Cafés Richard Bangladesh 2020 Income Statement Net sales Tk. 5,680,000 Cost of goods sold Depreciation Earnings before interest and taxes Less: Interest paid Taxable Income (4,060,000) (420,000) 1,200,000 (30,000) 1,170,000 (410,000) Tk. 760,000 500,000 Less: Taxes Net income Dividends Cafés Richard Bangladesh Comparative Balance Sheets 2020 2020 2019 70,000 980,000 1,560,000 1,990,000 Accounts payable Long-term debt Common stock Retained earnings 2019 1,350,000 1,170,000 720,000 3,200,000 3,500,000 Cash 180,000 840,000 Accounts rec. 500,000 Inventory Total Current Assets 2,610,000 3,010,000 940,000 1,200,000 Net fixed assets Total assets 3,600,000 3,360,000 6,210,000 6,370,000 Total liabilities & equity 6,210,000 6,370,000 Required a. Calculate cash flow from assets for 2020;
Cafés Richard Bangladesh 2020 Income Statement Net sales Tk. 5,680,000 Cost of goods sold Depreciation Earnings before interest and taxes Less: Interest paid Taxable Income (4,060,000) (420,000) 1,200,000 (30,000) 1,170,000 (410,000) Tk. 760,000 500,000 Less: Taxes Net income Dividends Cafés Richard Bangladesh Comparative Balance Sheets 2020 2020 2019 70,000 980,000 1,560,000 1,990,000 Accounts payable Long-term debt Common stock Retained earnings 2019 1,350,000 1,170,000 720,000 3,200,000 3,500,000 Cash 180,000 840,000 Accounts rec. 500,000 Inventory Total Current Assets 2,610,000 3,010,000 940,000 1,200,000 Net fixed assets Total assets 3,600,000 3,360,000 6,210,000 6,370,000 Total liabilities & equity 6,210,000 6,370,000 Required a. Calculate cash flow from assets for 2020;
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Cafés Richard Bangladesh
2020 Income Statement
Net sales
Tk. 5,680,000
Cost of goods sold
Depreciation
Earnings before interest and taxes
Less: Interest paid
Taxable Income
(4,060,000)
(420,000)
1,200,000
(30,000)
1,170,000
(410,000)
Tk. 760,000
500,000
Less: Taxes
Net income
Dividends
Cafés Richard Bangladesh
Comparative Balance Sheets
2020
2020
2019
70,000
980,000
1,560,000 1,990,000
Accounts payable
Long-term debt
Common stock
Retained earnings
2019
1,350,000 1,170,000
720,000
3,200,000 3,500,000
Cash
180,000
840,000
Accounts rec.
500,000
Inventory
Total Current Assets
2,610,000 3,010,000
940,000 1,200,000
Net fixed assets
Total assets
3,600,000 3,360,000
6,210,000 6,370,000
Total liabilities & equity
6,210,000 6,370,000
Required
a. Calculate cash flow from assets for 2020;
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