Answer all the subparts a to I.if answered within 40mins it would be great 2324Chuck's Charter ServicesChuck's Charter ServicesBalance sheets as of Dec. 31 2019 and 2020 (in $1,000s CDN)2020 Income Statement (in $1,000s CDN)$4,292252620192020Net sales27 Cash$490$407Cost of goods sold$3,60028 Accounts rec.$255$384Depreciation$18029 Inventory$1,150$1,200EBIT$51230 Current assets$1,895$1,991Interest paid$25631 Net fixed assets$1,500$1,503Taxable income$25632 Total assets$3,395$3,494Taxes$5133Net income$205342019202035 Accounts payable$1,011$1,05936 Notes payable$105$15537 Current liabilities$1,116$1,21438 Long-term debt39 Retained earnings$1,800$1,886$1,595$1,60840 Total L&E$3,395$3,4944142 2. Use the balance sheet and income statement above, to complete the following:43А.What is the change in net working capital for 2020?44В.What is the net capital spending for 2020?45C.What is the OCF for 2020?46D.What is the cash flow from assets for 2020?What is the ending net working capital for 2020?What is the net new equity for 2020?47E.48F.49G.What is the cash flow to stockholders for 2020?50*A dividend of $303 was paid.51Н.What is the cash flow to creditors for 2020?52I.Prove that the cash flow equation is in balance53

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Chuck's Charter Services Chuck's Charter Services Balance sheets as of Dec. 31 2019 and 2020 (in $1,000s CDN) 2020 Income Statement (in $1,000s CDN) 2019 2020 Net sales $4,292 - Cash $490 $407 Cost of goods sold $3,600 8 Accounts rec. $255 $384 Depreciation $180 $1,200 $1,991 e Inventory $1,150 EBIT $512 Current assets $1,895 Interest paid $256 Net fixed assets $1,500 $1,503 Taxable income $256 Total assets $3,395 $3,494 Тахes $51 Net income $205 2019 2020 Accounts payable $1,011 $1,059 5 Notes payable $105 $155 $1,214 $1,886 $1,608 Current liabilities $1,116 B Long-term debt e Retained earnings O Total L&E $1,800 $1,595 $3,395 $3,494 2. Use the balance sheet and income statement above, to complete the following: А. What is the change in net working capital for 2020? What is the net capital spending for 2020? В. C. What is the OCF for 2020? D. What is the cash flow from assets for 2020? What is the ending net working capital for 2020? What is the net new equity for 2020? Е. F. G. What is the cash flow to stockholders for 2020? *A dividend of $303 was paid. Н. What is the cash flow to creditors for 2020? I. Prove that the cash flow equation is in balance

Chuck's Charter Services Chuck's Charter Services Balance sheets as of Dec. 31 2019 and 2020 (in $1,000s CDN) 2020 Income Statement (in $1,000s CDN) 2019 2020 Net sales $4,292 - Cash $490 $407 Cost of goods sold $3,600 8 Accounts rec. $255 $384 Depreciation $180 $1,200 $1,991 e Inventory $1,150 EBIT $512 Current assets $1,895 Interest paid $256 Net fixed assets $1,500 $1,503 Taxable income $256 Total assets $3,395 $3,494 Тахes $51 Net income $205 2019 2020 Accounts payable $1,011 $1,059 5 Notes payable $105 $155 $1,214 $1,886 $1,608 Current liabilities $1,116 B Long-term debt e Retained earnings O Total L&E $1,800 $1,595 $3,395 $3,494 2. Use the balance sheet and income statement above, to complete the following: А. What is the change in net working capital for 2020? What is the net capital spending for 2020? В. C. What is the OCF for 2020? D. What is the cash flow from assets for 2020? What is the ending net working capital for 2020? What is the net new equity for 2020? Е. F. G. What is the cash flow to stockholders for 2020? *A dividend of $303 was paid. Н. What is the cash flow to creditors for 2020? I. Prove that the cash flow equation is in balance

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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