Item Prior year Current year Accounts payable 8,198.00 7,775.00 Accounts receivable 6,030.00 6,768.00 Accruals 1,007.00 1,602.00 Cash ??? ??? Common Stock 10,168.00 12,293.00 COGS 12,621.00 18,231.00 Current portion long-term 4,953.00 5,046.00 debt Depreciation expense 2,500 2,756.00 Interest expense 733 417 Inventories 4,136.00 4,819.00 Long-term debt 14,434.00 13,704.00 Net fixed assets 50,920.00 54,636.00 Notes payable 4,385.00 9,940.00 Operating expenses (excl. 13,977 18,172 depr.) Retained earnings 28,358.00 30,071.00 Sales 35,119 47,773.00 Taxes 2,084 2,775 What is the firm's total change in cash from the prior year to the current year?
Item Prior year Current year Accounts payable 8,198.00 7,775.00 Accounts receivable 6,030.00 6,768.00 Accruals 1,007.00 1,602.00 Cash ??? ??? Common Stock 10,168.00 12,293.00 COGS 12,621.00 18,231.00 Current portion long-term 4,953.00 5,046.00 debt Depreciation expense 2,500 2,756.00 Interest expense 733 417 Inventories 4,136.00 4,819.00 Long-term debt 14,434.00 13,704.00 Net fixed assets 50,920.00 54,636.00 Notes payable 4,385.00 9,940.00 Operating expenses (excl. 13,977 18,172 depr.) Retained earnings 28,358.00 30,071.00 Sales 35,119 47,773.00 Taxes 2,084 2,775 What is the firm's total change in cash from the prior year to the current year?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Transcribed Image Text:Item
Prior year
Current
year
Accounts payable
8,198.00
7,775.00
Accounts receivable
6,030.00
6,768.00
Accruals
1,007.00
1,602.00
Cash
???
???
Common Stock
10,168.00
12,293.00
COGS
12,621.00
18,231.00
Current portion long-term 4,953.00
5,046.00
debt
Depreciation expense
2,500
2,756.00
Interest expense
733
417
Inventories
4,136.00
4,819.00
Long-term debt
14,434.00
13,704.00
Net fixed assets
50,920.00
54,636.00
Notes payable
4,385.00
9,940.00
Operating expenses (excl.
depr.)
13,977
18,172
Retained earnings
28,358.00
30,071.00
Sales
35,119
47,773.00
Тахes
2,084
2,775
What is the firm's total change in cash from the prior
year to the current year?
Submit
Answer format: Number: Round to: 0 decimal places.
Expert Solution
Step 1: Introduction to Question:
In the Given question we require to calculate the firm's total changes in cash from the prior year to the current year.
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Recommended textbooks for you
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education