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
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter22: Accounting For Changes And Errors.
Section: Chapter Questions
Problem 4RE: Refer to RE22-2. Assume Heller Company had sales revenue of 510,000 in 2019 and 650,000 in 2020....
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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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fca647657-5dac-449a-afc5-6e7781ff8242%2Fa450368d-fc43-418d-ba64-6915f49f109c%2Ft7hr86a_processed.png&w=3840&q=75)
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fca647657-5dac-449a-afc5-6e7781ff8242%2Fa450368d-fc43-418d-ba64-6915f49f109c%2Fpoxxggi_processed.png&w=3840&q=75)
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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