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Calculate the Cash Flows in the Statement of Cash Flows below from the provided Balance sheet and Income Statement BALANCE SHEET (in millions of dollars) INCOME STATEMENT (in millions of dollars) 2015 2014 2015 2014 Assets Net sales $3,000.0 $2,850.0 Cash and equivalents 10 $ 80 Operating costs except depreciation and amortizatio 2,616.2 2,497.0 90.0 100.0 Accounts receiva ble 375 315 Depreciation and amortization $ 283.8 $ 263.0 Inventories 615 415 Earnings before interest and taxes (EBIT) Total current asse ts $ 1,000 $ 810 Less interest 88.0 60.0 $ 195.8 $ 203.0 Net plant and equipment 1,000 870 Earnings before taxes (EBT) $ 2,000 1,680 Total assets Taxes 78.3 81.2 117.5 $ 121.8 Net income Liabilities and Equity Common dividends 57.5 53.0 Addition to re tained earnings Accounts payable $ $ 60 $ 30 60.0 $ 68.8 Accruals 140 130 Notes payable 110 60 Tax rate 40% 40% 310 $ Total current liabilities 220 Long-term bonds 750 580 $ 1,060 $ Total liabilities 800 Common stock (50,000,000 shares) 130 130 Retained earnings 810 750 $ 940 $ 880 2,000 1,680 Total common equity Total liabilities and equity STATEMENT OF CASH FLOWS 1. Operating Activities Net income Depreciation and amortization Change in inventories Change in accounts receivable Change in accounts payable Change in accrued wages and taxes Net cash provided (used in) operating activities 1I. Long-Term Investing Activities Additions to property, plant, and equipment Net cash used in investing activities II. Financing Activities Change in notes payable Change in bonds outstanding Payment of dividends to stoc kholders Net cash provided by financing activities IV. Summary Net Change in cash and equivalents Cash and equiva lents at beginning of the year Cash and equivalents at end of the year

Calculate the Cash Flows in the Statement of Cash Flows below from the provided Balance sheet and Income Statement BALANCE SHEET (in millions of dollars) INCOME STATEMENT (in millions of dollars) 2015 2014 2015 2014 Assets Net sales $3,000.0 $2,850.0 Cash and equivalents 10 $ 80 Operating costs except depreciation and amortizatio 2,616.2 2,497.0 90.0 100.0 Accounts receiva ble 375 315 Depreciation and amortization $ 283.8 $ 263.0 Inventories 615 415 Earnings before interest and taxes (EBIT) Total current asse ts $ 1,000 $ 810 Less interest 88.0 60.0 $ 195.8 $ 203.0 Net plant and equipment 1,000 870 Earnings before taxes (EBT) $ 2,000 1,680 Total assets Taxes 78.3 81.2 117.5 $ 121.8 Net income Liabilities and Equity Common dividends 57.5 53.0 Addition to re tained earnings Accounts payable $ $ 60 $ 30 60.0 $ 68.8 Accruals 140 130 Notes payable 110 60 Tax rate 40% 40% 310 $ Total current liabilities 220 Long-term bonds 750 580 $ 1,060 $ Total liabilities 800 Common stock (50,000,000 shares) 130 130 Retained earnings 810 750 $ 940 $ 880 2,000 1,680 Total common equity Total liabilities and equity STATEMENT OF CASH FLOWS 1. Operating Activities Net income Depreciation and amortization Change in inventories Change in accounts receivable Change in accounts payable Change in accrued wages and taxes Net cash provided (used in) operating activities 1I. Long-Term Investing Activities Additions to property, plant, and equipment Net cash used in investing activities II. Financing Activities Change in notes payable Change in bonds outstanding Payment of dividends to stoc kholders Net cash provided by financing activities IV. Summary Net Change in cash and equivalents Cash and equiva lents at beginning of the year Cash and equivalents at end of the year

FINANCIAL ACCOUNTING
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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Calculate the Cash Flows in the Statement of Cash Flows below from the provided Balance sheet and Income Statement BALANCE SHEET (in millions of dollars) INCOME STATEMENT (in millions of dollars) 2015 2014 2015 2014 Assets Net sales $3,000.0 $2,850.0 Cash and equivalents 10 $ 80 Operating costs except depreciation and amortizatio 2,616.2 2,497.0 90.0 100.0 Accounts receiva ble 375 315 Depreciation and amortization $ 283.8 $ 263.0 Inventories 615 415 Earnings before interest and taxes (EBIT) Total current asse ts $ 1,000 $ 810 Less interest 88.0 60.0 $ 195.8 $ 203.0 Net plant and equipment 1,000 870 Earnings before taxes (EBT) $ 2,000 1,680 Total assets Taxes 78.3 81.2 117.5 $ 121.8 Net income Liabilities and Equity Common dividends 57.5 53.0 Addition to re tained earnings Accounts payable $ $ 60 $ 30 60.0 $ 68.8 Accruals 140 130 Notes payable 110 60 Tax rate 40% 40% 310 $ Total current liabilities 220 Long-term bonds 750 580 $ 1,060 $ Total liabilities 800 Common stock (50,000,000 shares) 130 130 Retained earnings 810 750 $ 940 $ 880 2,000 1,680 Total common equity Total liabilities and equity STATEMENT OF CASH FLOWS 1. Operating Activities Net income Depreciation and amortization Change in inventories Change in accounts receivable Change in accounts payable Change in accrued wages and taxes Net cash provided (used in) operating activities 1I. Long-Term Investing Activities Additions to property, plant, and equipment Net cash used in investing activities II. Financing Activities Change in notes payable Change in bonds outstanding Payment of dividends to stoc kholders Net cash provided by financing activities IV. Summary Net Change in cash and equivalents Cash and equiva lents at beginning of the year Cash and equivalents at end of the year
Transcribed Image Text:Calculate the Cash Flows in the Statement of Cash Flows below from the provided Balance sheet and Income Statement BALANCE SHEET (in millions of dollars) INCOME STATEMENT (in millions of dollars) 2015 2014 2015 2014 Assets Net sales $3,000.0 $2,850.0 Cash and equivalents 10 $ 80 Operating costs except depreciation and amortizatio 2,616.2 2,497.0 90.0 100.0 Accounts receiva ble 375 315 Depreciation and amortization $ 283.8 $ 263.0 Inventories 615 415 Earnings before interest and taxes (EBIT) Total current asse ts $ 1,000 $ 810 Less interest 88.0 60.0 $ 195.8 $ 203.0 Net plant and equipment 1,000 870 Earnings before taxes (EBT) $ 2,000 1,680 Total assets Taxes 78.3 81.2 117.5 $ 121.8 Net income Liabilities and Equity Common dividends 57.5 53.0 Addition to re tained earnings Accounts payable $ $ 60 $ 30 60.0 $ 68.8 Accruals 140 130 Notes payable 110 60 Tax rate 40% 40% 310 $ Total current liabilities 220 Long-term bonds 750 580 $ 1,060 $ Total liabilities 800 Common stock (50,000,000 shares) 130 130 Retained earnings 810 750 $ 940 $ 880 2,000 1,680 Total common equity Total liabilities and equity STATEMENT OF CASH FLOWS 1. Operating Activities Net income Depreciation and amortization Change in inventories Change in accounts receivable Change in accounts payable Change in accrued wages and taxes Net cash provided (used in) operating activities 1I. Long-Term Investing Activities Additions to property, plant, and equipment Net cash used in investing activities II. Financing Activities Change in notes payable Change in bonds outstanding Payment of dividends to stoc kholders Net cash provided by financing activities IV. Summary Net Change in cash and equivalents Cash and equiva lents at beginning of the year Cash and equivalents at end of the year
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