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Fizer, Inc., reported the following financial statements for the last two years. FIZER, INC. 2020 Income Statement Sales 565,280 $ 273,985 Cost of goods sold Selling & administrative Depreciation 124,725 54,568 $ 112,002 19,304 EBIT Interest $ 92,698 48,203 EBT Таxes Net income $ 44,495 $ 10,400 $ 34,095 Dividends Addition to retained earnings FIZER, INC. Balance Sheet as of December 31, 2019 $ 13,400 Accounts payable 18,986 13,802 Cash $ 23,996 Accounts receivable Inventory $ 46,188 Long-term debt 344,434 Owners' equity Current assets 136,000 Net fixed assets 230,626 Total liabilities and owners' Total assets $390,622 $390,622 equity

Fizer, Inc., reported the following financial statements for the last two years. FIZER, INC. 2020 Income Statement Sales 565,280 $ 273,985 Cost of goods sold Selling & administrative Depreciation 124,725 54,568 $ 112,002 19,304 EBIT Interest $ 92,698 48,203 EBT Таxes Net income $ 44,495 $ 10,400 $ 34,095 Dividends Addition to retained earnings FIZER, INC. Balance Sheet as of December 31, 2019 $ 13,400 Accounts payable 18,986 13,802 Cash $ 23,996 Accounts receivable Inventory $ 46,188 Long-term debt 344,434 Owners' equity Current assets 136,000 Net fixed assets 230,626 Total liabilities and owners' Total assets $390,622 $390,622 equity

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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Fizer, Inc., reported the following financial statements for the last two years. FIZER, INC. 2020 Income Statement 565,280 Sales 273,985 Cost of goods sold Selling & administrative Depreciation 124,725 54,568 $ 112,002 19,304 EBIT Interest $ 92,698 48,203 EBT Таxes Net income $ 44,495 $ 10,400 $ 34,095 Dividends Addition to retained earnings FIZER, INC. Balance Sheet as of December 31, 2019 $ 13,400 Accounts payable 18,986 13,802 Cash $ 23,996 Accounts receivable Inventory $ 46,188 Long-term debt 344,434 Owners' equity Current assets 136,000 230,626 Net fixed assets Total liabilities and owners' Total assets $390,622 $390,622 equity
Transcribed Image Text:Fizer, Inc., reported the following financial statements for the last two years. FIZER, INC. 2020 Income Statement 565,280 Sales 273,985 Cost of goods sold Selling & administrative Depreciation 124,725 54,568 $ 112,002 19,304 EBIT Interest $ 92,698 48,203 EBT Таxes Net income $ 44,495 $ 10,400 $ 34,095 Dividends Addition to retained earnings FIZER, INC. Balance Sheet as of December 31, 2019 $ 13,400 Accounts payable 18,986 13,802 Cash $ 23,996 Accounts receivable Inventory $ 46,188 Long-term debt 344,434 Owners' equity Current assets 136,000 230,626 Net fixed assets Total liabilities and owners' Total assets $390,622 $390,622 equity
FIZER, INC. Balance Sheet as of December 31, 2020 $ 14,386 Accounts payable 21,091 22,762 Cash $26,994 Accounts receivable Inventory 152,800 Current assets $58,239 Long-term debt 406,303 284,748 Net fixed assets Owners' equity 464,542 Total liabilities and owners' 464,542 Total assets equity a. Calculate the operating cash flow. (Do not round intermediate calculations.) b. Calculate the change in net working capital. (Do not round intermediate calculations.) c. Calculate the net capital spending. (Do not round intermediate calculations.) d. Calculate the cash flow from assets. (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) e. Calculate the cash flow to creditors. (Do not round intermediate calculations.) f. Calculate the cash flow to stockholders. (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) a. Operating cash flow b. Change in net working capital c. Net capital spending d. Cash flow from assets 9,053 116,437 е. Cash flow to creditors f. Cash flow to stockholders
Transcribed Image Text:FIZER, INC. Balance Sheet as of December 31, 2020 $ 14,386 Accounts payable 21,091 22,762 Cash $26,994 Accounts receivable Inventory 152,800 Current assets $58,239 Long-term debt 406,303 284,748 Net fixed assets Owners' equity 464,542 Total liabilities and owners' 464,542 Total assets equity a. Calculate the operating cash flow. (Do not round intermediate calculations.) b. Calculate the change in net working capital. (Do not round intermediate calculations.) c. Calculate the net capital spending. (Do not round intermediate calculations.) d. Calculate the cash flow from assets. (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) e. Calculate the cash flow to creditors. (Do not round intermediate calculations.) f. Calculate the cash flow to stockholders. (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) a. Operating cash flow b. Change in net working capital c. Net capital spending d. Cash flow from assets 9,053 116,437 е. Cash flow to creditors f. Cash flow to stockholders
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