Problem #1: Prepare a sources and uses analysis on the balance sheets for the two years. Also prepare a statement of cash flow, and comment on the health of BalanceCo (one paragraph or less). Balanceco Balance Sheet ($000) last year this year Source Use Assets Current Assets Cash 15 15 Receivables 123 166 Short-term investments Inventory Prepaid expenses 98 132 26 26 262 339 Fixed Assets Land, building, and equipment at cost Less accumulated 800 920 160 252 depreciation 640 668 Long-term investments Goodwill Total Assets 902 1,007 Liabilities Current Liabilities Short-term credit line 96 252 Accounts payable Accrued expenses Taxes payable Current portion of long-term debt 66 89 16 20 20 20 198 381 Long-Term Debt Repayable grants Long-term debt 140 120 Shareholders' Equity Capital shares Retained earnings 500 400 64 106 Total liability and equity 902 1,007 ||

Problem #1: Prepare a sources and uses analysis on the balance sheets for the two years. Also prepare a statement of cash flow, and comment on the health of BalanceCo (one paragraph or less). Balanceco Balance Sheet ($000) last year this year Source Use Assets Current Assets Cash 15 15 Receivables 123 166 Short-term investments Inventory Prepaid expenses 98 132 26 26 262 339 Fixed Assets Land, building, and equipment at cost Less accumulated 800 920 160 252 depreciation 640 668 Long-term investments Goodwill Total Assets 902 1,007 Liabilities Current Liabilities Short-term credit line 96 252 Accounts payable Accrued expenses Taxes payable Current portion of long-term debt 66 89 16 20 20 20 198 381 Long-Term Debt Repayable grants Long-term debt 140 120 Shareholders' Equity Capital shares Retained earnings 500 400 64 106 Total liability and equity 902 1,007 ||

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 65.2C

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