Homework Help is Here – Start Your Trial Now!
Business
Accounting
Calculate the number of shares outstanding for the company and the market price per share at the end of 2020. 2. Calculate the cash flow from operations, net capital spending, and the change in NWC to calculate the cash flow from assets. Then, calculate the cash flow to creditors and cash flow to shareholders to calculate the cash flow from assets from the “uses” side and confirm that the cash-flow identity is satisfied.

Calculate the number of shares outstanding for the company and the market price per share at the end of 2020. 2. Calculate the cash flow from operations, net capital spending, and the change in NWC to calculate the cash flow from assets. Then, calculate the cash flow to creditors and cash flow to shareholders to calculate the cash flow from assets from the “uses” side and confirm that the cash-flow identity is satisfied.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

1. Calculate the number of shares outstanding for the company and the market price per share at the end of 2020.
2. Calculate the cash flow from operations, net capital spending, and the change in NWC to calculate the cash flow from assets. Then, calculate the cash flow to creditors and cash flow to shareholders to calculate the cash flow from assets from the “uses” side and confirm that the cash-flow identity is satisfied.

GRIZZLY BEAR MUFFIN COMPANY Balance Sheet Income Statement ($M) Assets ($M) Liabilities & Shareholders' Equity ($M) 2019 2020 2019 2020 2020 Current Assets Cash Current Liabilities Accounts Payable Notes Payable Sales $84,409 5,290 5,822 6,120 7,098 Cost of goods sold 58,218 26,191 Accounts Receivable 3,656 6,517 2,738 3,168 2,700 Gross Profit Inventory Total Current Assets 5,586 13,614 Other Current Liabilities 4,088 Depreciation 7,410 3,055 15,995 Total Current Liabilities 12,343 13,886 EBIT 18,781 Interest Expense 3,281 |Long Term Debt 19,000 22,000 Taxable Income 15,500 Fixed Assets Taxes (35%) 5,425 $10,075 Shareholders' Equity Common Stock & paid-in-surplus Accumulated Retained Earnings Total Shareholders Equity Net Plant and Equipment 71,433 79,669 Net Income 9,000 9.000 Dividends 4,001 44,704 Retained Earnings 50,778 59,778 6,074 53,704 EPS 4.03 Total Assets $85,047 $95,664 Total Liabilities & Shareholders' Equity | $85,047 $95,664 PE Ratio 14.5
Transcribed Image Text:GRIZZLY BEAR MUFFIN COMPANY Balance Sheet Income Statement ($M) Assets ($M) Liabilities & Shareholders' Equity ($M) 2019 2020 2019 2020 2020 Current Assets Cash Current Liabilities Accounts Payable Notes Payable Sales $84,409 5,290 5,822 6,120 7,098 Cost of goods sold 58,218 26,191 Accounts Receivable 3,656 6,517 2,738 3,168 2,700 Gross Profit Inventory Total Current Assets 5,586 13,614 Other Current Liabilities 4,088 Depreciation 7,410 3,055 15,995 Total Current Liabilities 12,343 13,886 EBIT 18,781 Interest Expense 3,281 |Long Term Debt 19,000 22,000 Taxable Income 15,500 Fixed Assets Taxes (35%) 5,425 $10,075 Shareholders' Equity Common Stock & paid-in-surplus Accumulated Retained Earnings Total Shareholders Equity Net Plant and Equipment 71,433 79,669 Net Income 9,000 9.000 Dividends 4,001 44,704 Retained Earnings 50,778 59,778 6,074 53,704 EPS 4.03 Total Assets $85,047 $95,664 Total Liabilities & Shareholders' Equity | $85,047 $95,664 PE Ratio 14.5
Expert Solution
Step 1

The financial statement indicates the stand of the entity in the competitive market with the help of determining financial position and performance during the year.

trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 10 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Follow-up Questions
Read through expert solutions to related follow-up questions below.
Follow-up Question

How do you find the red numbers on the balance sheet and income statement?

**GRIZZLY BEAR MUFFIN COMPANY Financials Overview** **Balance Sheet (figures in $M)** **Assets** *Current Assets:* - Cash: - 2019: 5,290 - 2020: 5,822 - Accounts Receivable: - 2019: 2,738 - 2020: 3,656 - Inventory: - 2019: 5,586 - 2020: 6,517 - Total Current Assets: - 2019: 13,614 - 2020: 15,995 *Fixed Assets:* - Net Plant and Equipment: - 2019: 71,433 - 2020: 79,669 *Total Assets:* - 2019: 85,047 - 2020: 95,664 **Liabilities & Shareholders' Equity** *Current Liabilities:* - Accounts Payable: - 2019: 6,120 - 2020: 7,098 - Notes Payable: - 2019: 3,168 - 2020: 2,700 - Other Current Liabilities: - 2019: 3,055 - 2020: 4,088 - Total Current Liabilities: - 2019: 12,343 - 2020: 13,886 *Long Term Debt:* - 2019: 19,000 - 2020: 22,000 *Shareholders' Equity:* - Common Stock & paid-in-surplus: - 2019: 9,000 - 2020: 9,000 - Accumulated Retained Earnings: - 2019: 44,704 - 2020: 50,778 - Total Shareholders Equity: - 2019: 53,704 - 2020: 59,778 *Total Liabilities & Shareholders' Equity:* - 2019: 85,047 - 2020: 95,664 **Income Statement (2020 figures in $M)** - Sales: 84,409 - Cost of Goods Sold:
Transcribed Image Text:**GRIZZLY BEAR MUFFIN COMPANY Financials Overview** **Balance Sheet (figures in $M)** **Assets** *Current Assets:* - Cash: - 2019: 5,290 - 2020: 5,822 - Accounts Receivable: - 2019: 2,738 - 2020: 3,656 - Inventory: - 2019: 5,586 - 2020: 6,517 - Total Current Assets: - 2019: 13,614 - 2020: 15,995 *Fixed Assets:* - Net Plant and Equipment: - 2019: 71,433 - 2020: 79,669 *Total Assets:* - 2019: 85,047 - 2020: 95,664 **Liabilities & Shareholders' Equity** *Current Liabilities:* - Accounts Payable: - 2019: 6,120 - 2020: 7,098 - Notes Payable: - 2019: 3,168 - 2020: 2,700 - Other Current Liabilities: - 2019: 3,055 - 2020: 4,088 - Total Current Liabilities: - 2019: 12,343 - 2020: 13,886 *Long Term Debt:* - 2019: 19,000 - 2020: 22,000 *Shareholders' Equity:* - Common Stock & paid-in-surplus: - 2019: 9,000 - 2020: 9,000 - Accumulated Retained Earnings: - 2019: 44,704 - 2020: 50,778 - Total Shareholders Equity: - 2019: 53,704 - 2020: 59,778 *Total Liabilities & Shareholders' Equity:* - 2019: 85,047 - 2020: 95,664 **Income Statement (2020 figures in $M)** - Sales: 84,409 - Cost of Goods Sold:
Solution
Bartleby Expert
SEE SOLUTION
Knowledge Booster
Cash Flow Statement Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS