come Statement Sales GS perating Expenses cludes $298,400 in depreciation) crest and Other Expenses 2017 $ 15,300,000 $ 9,187,900 S 4,726,900 S 348,500 445 700 Adjustment -AAR -AAP +A Inventory -A Op Accruals +& Prepaids -A Depreciation -A Acer Interest -A Accrued Taxes S $ S S S S S 333,900 (105,100) 700,600 (169,600) (29,500) S 298,400 S $ 4,568,600 348,500 445,700
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- Q1. Complete the statement provided, for a tax rate of 20% and calculate the Operating cash flow 2019 Income Statement 201,200 108,660 20,790 27,300 Sales Cost of goods sold Selling & Administrative Depreciation EBIT Interest 5,520 EBT Таxes NI Dividends 9,343 21,801 Addition to retained profitsCalculate 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…You are given the following information about X Corp for the 2022 fiscal year: What is the operating cash flow for 2022? Cost of goods sold Interest Dividends Depreciation Change in retained earnings Tax rate a) $825.00 b) $1,250.00 c) $2,025.00 xd) $2,450.00 101 50 539 1 $6,000 400 300 800 525 34% OCT D X
- Cash flow from assets for the year 2022: Cash flow from assets = Operating cash flow – Change in net working capital – Net capital spending = $34,630 - $7,280 - $11,090 = $16,260 Cash flow to creditors for the year 2022: Cash flow to creditors = Interest paid - Ending long term debt + Beginning long term debt= $2,890 - $30,000 + $28,000 = $890 Cash flow to stockholders for the year 2022:Cash flow to stockholders = Dividends paid - Net new equity = $10,800 - $11,780 = -$980 Briefly comment on the Life Positive Inc’s cash flows for 2022 in light of an expansion plan which will be financed by both debt and equity.RITTER CORPORATION Income Statement Revenue Expenses Depreciation Net income Dividends 2019 Assets Cash Other current assets Net fixed assets Total assets Liabilities and Equity Accounts payable Long-term debt Stockholders' equity C. RITTER CORPORATION Balance Sheets December 31 Total liabilities and equity $780 580 93 $ 107 $ 87 2018 $ 58 168 373 $599 $ 118 143 338 $599 a. Change in cash b. Change in net working capital Cash flow from assets 2019 $ 71 176 393 $640 $ 131 151 358 a. What is the change in cash during 2019? b. Determine the change in net working capital in 2019. c. Determine the cash flow generated by the firm's assets during 2019. $640 $ $ 13 811 Compute Cash Flow from Operating Activities from the following details: Particulars Trade Receivables: Debtors CA Bills Receivable CA Trade Payables: Creditors CL Bills Payable CL L Expenses Outstanding Accrued Income CAT Depreciation on Fixed Assets No + Surplus, i.e., Balance in Statement of Profit & Loss 31st March, 2023 (R) 50,000 23,000 28,000 22,000 4,500 9,000 5,000 90,000 31st March 2022 ) 60,000 25,000 32,000 35,000 3,500 8,000 4,000 80,000
- (b) Shanti Trading prepares Cash Flow Statement every year to record the cash inflows and outflows for her business. Below is the Statement of Financial Position and Statement of Comprehensive Income for the year ended 2014 and 2015: [Shanti Trading menyediakan Penyata Pengaliran Tunai setiap tahun untuk merekod semua aliran tunai masuk dan keluar dalam perniagaanya. Penyata Kedudukan Kewangan dan Penyata Pendapatn Komprehensif bagi tahun berakhir 2014 dan 2015 adalah seperti di bawah:) SHANTI TRADING STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2014 AND 2015 2014 2015 (RM) (RM) CURRENT ASSETS Cash 9,000 6,000 438,000 418,000 862,000 Account receivable Inventory |Total current assets 412,000 315,000 736,000 FIXED ASSETS Gross plant and equipment Less: Accumulated depreciation Net plant and equipment Other long term assets 720,000 540,000 145,000 395,000 190,000 530,000 140,000 670,000 115,000 Total fixed assets 510,000 TOTAL ASSETS 1,246,000 1,532,000 CURRENT LIABILITIES Accounts…STATEMENT OF CASH FLOW EXAMPLE Kerby Company has prepared the following Balance Sheets for 2023 and 2022. Cash 12/31/23 $ 56 12/31/22 $ 40 Accounts receivable 41 42 Fixed assets 579 465 Accumulated depreciation (170) (140) $506 $407 Accounts payable Mortgage payable Preferred stock $ 74 $ 60 20 181 Additional Paid-In Capital - preferred 70 Common stock Retained earnings 100 61 ២៩៩៩88 100 100 $506 $407 1. On 8/1/23, Kerby sold a fixed asset with a cost of $91 and book value of $66 for $67. 2. Retained Earnings was adjusted by dividends and net income only. 3. Net Income in 2023 was $80. a. Net Cash Provided by Operations is $ b. Net Cash Used by Investments is $ c. Net Cash Provided by Financing is $What are the firm's days' sales outstanding for 2018 and 2019? Income Statements ($ in millions) Balance Sheets ($ in millions) 2018 2019 Assets 2018 2019 $1,265 | Cash $780 Short-Term investments $92 | Accounts rec. Sales Revenue $1,180 $35 $20 $660 $20 $5 Less: Cost of goods sold Less: Operating Expenses Less: Depreciation Earnings before interest and taxes Less: Interest paid $75 190 235 $50 Inventory $343 Total Current Assets $40 250 300 $405 $495 $560 $170 $150 | Net fixed assets 990 1,105 Taxable Income $235 $193 Less: Taxes (40%) $94 $77 Total assets $1,485 1,665 Net income $141 $116 Liabilities and Owner's Equity Dividends (45%) Additions to Retained Earnings $63 $52 2018 2019 $78 $64 Accounts payable $125 $100 Accruals $10 $10 Notes payable 35 40 Total Current Liabilities $170 $150 Long-term debt 598 790 Total Liabilities $768 $940 Common stock 554 498 Retained earnings Total Equity Total liab.& equity 163 $227 717 $725 $1,485 $1,665
- REQUIRED Study the statement of cash flows of Mantis Limited for the year ended 31 December 2021 and answer the following questions: Calculate the following for the year ended 31 December 2021: Depreciation Dividends paid Of what significance is this statement of cash flows to the shareholders of Mantis Limited? Comment on the following: Cash flows from operating activities (R181 800) 1.3.2. Increase in inventory (R808 000) Increase in receivables (R606 000) Interest paid (R80 800) Cash flows from investing activities (R2 343 200) INFORMATION MANTIS LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2021 R Cash flows from operating activities (181 800) Operating profit 979 700 Depreciation ? Profit before working capital changes ? Working capital changes (808 000) Increase in inventory (808 000) Increase in receivables…What are the firm’s net profit margins for 2018 and 2019? Income Statements ($ in millions) Balance Sheets ($ in millions) 2018 2019 Assets 2018 2019 Sales Revenue $2,580 $2,865 Cash $70 $50 Less: Cost of goods sold $1,060 $1,500 Short-Term investments $35 $9 Less: Operating Expenses $105 $162 Accounts rec. 400 460 Less: Depreciation $85 $80 Inventory 490 556 Earnings before interest and taxes $1,330 $1,123 Total Current Assets $995 $1,075 Less: Interest paid $350 $380 Net fixed assets 1890 1,910 Taxable Income $980 $743 Less: Taxes (40%) $392 $297 Total assets $2,885 2,985 Net income $588 $446 Liabilities and Owner's Equity Dividends (45%) $265 $201 2018 2019 Additions to Retained Earnings $323 $245 Accounts payable $240 $210 Accruals $20 $20 Notes payable 65 74 Total Current…docs.google.com/forms/d/e/1FAlpQLSdhx7wkRBg-5ysLm-AeX919m2L5F4Jxzbwov4D68iWUmoFzSg/formResponse?pli=1 Paused Consider the following statement of cash flows for Fattal Group company. (in millions) Cash flows from operating activities (CFO): Net income Adjustments to reconcile net income to CFO: 2015 2014 $5,800 $3,300 Depreciation and amortization Deferred income taxes Stock-based compensation (Increase) decrease in operating assets and liabılities: Accounts receivable 550 360 10 (580) 590 170 (380) (6,900) (1,960) (480) (490) Inventories Other current assets 410 Accounts payable Income taxes payable Accrued liabilities 700 690 250 140 (290) 970 170 1.090 Net CFO Cash flows from investing activities: Purchases of property and equipment Acquisitions Net cash used by investing activities Cash flows from financing activities: Proceeds from common stock sales Repayment of short-term line of credit Repayment of long-term debt | Net cash provided by financing activities Net increase in cash…
