Income Statement for the Maitz Company for 2018 Sales Cast of goods sold Gross profits Operating expenses: Depreciation Administrative expenses Selling expenses Total operating expenses Operating profits Interest expense Profits before taxes Taxes Net profits Current assets: Cash Accounts receivable Inventory Total current assets Fixed assets: Balance Sheets for the Maitz Company for 2017 and 2018 Assets 2017 Grossfixed assets Accumulated depreciation Net fixed assets Other assets TOTAL ASSETS Debt (Liabilities and Equity Current debt: $ 5,000 20,000 26,000 Accounts payable Accruals Short-term notes Total current debt Long-term debt Total debt Equity TOTAL DEBT AND EQUITY $ 8,000 15,000 22,000 $ 45,000 $ 50,000 (15,000) $ 35,000 12,000 $ 92,000 $ 175,000 (105,000) $ 70,000 $ 10,000 7,000 5,000 $ 22,000 15,000 $ 37,000 $ (51,000 $ 19,000 (3,000) $ 16,000 (8,000) 8,000 $ 2018 $ 10,000 20,000 25,000 $ 55,000 $ 55,000 (20,000) $ 35,000 10,000 $100,000 $ 12,000 8,000 5,000 $ 25,000 15,000 $ 40,000 $ 60,000 $100,000

Income Statement for the Maitz Company for 2018 Sales Cast of goods sold Gross profits Operating expenses: Depreciation Administrative expenses Selling expenses Total operating expenses Operating profits Interest expense Profits before taxes Taxes Net profits Current assets: Cash Accounts receivable Inventory Total current assets Fixed assets: Balance Sheets for the Maitz Company for 2017 and 2018 Assets 2017 Grossfixed assets Accumulated depreciation Net fixed assets Other assets TOTAL ASSETS Debt (Liabilities and Equity Current debt: $ 5,000 20,000 26,000 Accounts payable Accruals Short-term notes Total current debt Long-term debt Total debt Equity TOTAL DEBT AND EQUITY $ 8,000 15,000 22,000 $ 45,000 $ 50,000 (15,000) $ 35,000 12,000 $ 92,000 $ 175,000 (105,000) $ 70,000 $ 10,000 7,000 5,000 $ 22,000 15,000 $ 37,000 $ (51,000 $ 19,000 (3,000) $ 16,000 (8,000) 8,000 $ 2018 $ 10,000 20,000 25,000 $ 55,000 $ 55,000 (20,000) $ 35,000 10,000 $100,000 $ 12,000 8,000 5,000 $ 25,000 15,000 $ 40,000 $ 60,000 $100,000

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter16: Working Capital Policy And Short-term Financing

Section: Chapter Questions

Problem 3P

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Question

How do I describe the cash flow pattern

Income Statement for the Maitz Company for 2018
Sales
Cost of goods sold
Gross profits
Operating expenses:
Depreciation
Administrative expenses
Selling expenses
Total operating expenses
Operating profits
Interest expense
Profits before taxes
Taxes
Net profits
Accounts receivable
Inventory
Total current assets
Fixed assets:
Grossfixed assets
Accumulated depreciation
Net fixed assets
Other assets
TOTAL ASSETS
Debt (Liabilities and Equity
Current debt:
$ 5,000
20,000
26,000
Balance Sheets for the Maitz Company for 2017 and 2018
Assets
Current assets:
Cash
Accounts payable
Accruals
Short-term notes
Tatal current debt
Long-term debt
Tatel debt
Equity
TOTAL CEPT AND EQUITY
$ 8,000
15,000
22,000
$ 45,000
$ 50,000
(15,000)
$ 35,000
$ 92,000
$ 175,000
(105,000
$ 70,000
$ 10,000
7,000
5,000
$ 22,000
15,000
$ 37,000
$ (51,000)
$ 19,000
(3,000)
$ 16,000
(8,000)
$ 8,000
2018
$ 10,000
20,000
25,000
$ 55,000
$ 55,000
(20,000)
$ 35,000
$100,000
$ 12,000
5,000
$ 25,000
15,000
$ 40,000

Definition Definition Net amount of cash that an entity receives and expends over the course of a given period. For a business to continue operating, positive cash flows are required, and they are also necessary to produce value for investors. Investors in particular prefer to see growing cash flows even after capital expenditures have been paid for (which is known as free cash flow).

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