Homework Help is Here – Start Your Trial Now!
Business
Finance
Rebecky's Flowers 4U, Inc., had free cash flows during 2021 of $40 million, NOPAT of $80 million, and depreciation of $10 million. Using this information, fill in the blanks on Rebecky's balance sheet below. (Enter your answers in millions of dollars.) REBECKY'S FLOWERS 4U, INC. Balance Sheet as of December 31, 2021 and 2020 (in millions of dollars) Assets 2021 2020 Liabilities and Equity 2021 2020 Current assets: Current liabilities: Cash and marketable securities $ 23 $ 20 Accrued wages and taxes $ 12 $ 10 Accounts receivable 70 60 Accounts payable 60 Inventory 129 110 Notes payable 50 50 Total $ 222 $ 190 Total $ 120 Fixed assets: Long-term debt: $ 176 Gross plant and equipment $ 343 $ 310 Stockholders' equity: Less: Depreciation 40 30 Preferred stock (4 million shares) $ 4 $ Net plant and equipment $ 303 $ 280 Common stock and paid-in surplus (30 million shares) 60 60 Other long-term assets 40 40 Retained earnings 187 150 Total Total assets 55 343 $ 320 Total $ 251 $ 214 565 $ 510 Total liabilities and equity $ 565 $ 510

Rebecky's Flowers 4U, Inc., had free cash flows during 2021 of $40 million, NOPAT of $80 million, and depreciation of $10 million. Using this information, fill in the blanks on Rebecky's balance sheet below. (Enter your answers in millions of dollars.) REBECKY'S FLOWERS 4U, INC. Balance Sheet as of December 31, 2021 and 2020 (in millions of dollars) Assets 2021 2020 Liabilities and Equity 2021 2020 Current assets: Current liabilities: Cash and marketable securities $ 23 $ 20 Accrued wages and taxes $ 12 $ 10 Accounts receivable 70 60 Accounts payable 60 Inventory 129 110 Notes payable 50 50 Total $ 222 $ 190 Total $ 120 Fixed assets: Long-term debt: $ 176 Gross plant and equipment $ 343 $ 310 Stockholders' equity: Less: Depreciation 40 30 Preferred stock (4 million shares) $ 4 $ Net plant and equipment $ 303 $ 280 Common stock and paid-in surplus (30 million shares) 60 60 Other long-term assets 40 40 Retained earnings 187 150 Total Total assets 55 343 $ 320 Total $ 251 $ 214 565 $ 510 Total liabilities and equity $ 565 $ 510

Essentials Of Investments
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
See similar textbooks
icon
Related questions
Question
None
Rebecky's Flowers 4U, Inc., had free cash flows during 2021 of $40 million, NOPAT of $80 million, and depreciation of $10 million. Using this information, fill in the blanks on Rebecky's balance sheet below. (Enter your answers in millions of dollars.) REBECKY'S FLOWERS 4U, INC. Balance Sheet as of December 31, 2021 and 2020 (in millions of dollars) Assets 2021 2020 Liabilities and Equity 2021 2020 ces Current assets: Current liabilities: Cash and marketable securities $ 23 $ 20 Accrued wages and taxes $ 12 $ 10 Accounts receivable 70 60 Accounts payable 60 Inventory 129 110 Notes payable 50 50 Total $ 222 $ 190 Total Fixed assets: Long-term debt: SS $ 120 $ 176 Gross plant and equipment $ 343 $ 310 Stockholders' equity: Less: Depreciation 40 30 Preferred stock (4 million shares) $ 4 $ 4 Net plant and equipment $ 303 $ 280 Common stock and paid-in surplus (30 million shares) 60 60 Other long-term assets 40 40 Retained earnings 187 150 Total $ 343 $ 320 Total $ 251 $ 214 Total assets $ 565 $ 510 Total liabilities and equity $ 565 $ 510
Transcribed Image Text:Rebecky's Flowers 4U, Inc., had free cash flows during 2021 of $40 million, NOPAT of $80 million, and depreciation of $10 million. Using this information, fill in the blanks on Rebecky's balance sheet below. (Enter your answers in millions of dollars.) REBECKY'S FLOWERS 4U, INC. Balance Sheet as of December 31, 2021 and 2020 (in millions of dollars) Assets 2021 2020 Liabilities and Equity 2021 2020 ces Current assets: Current liabilities: Cash and marketable securities $ 23 $ 20 Accrued wages and taxes $ 12 $ 10 Accounts receivable 70 60 Accounts payable 60 Inventory 129 110 Notes payable 50 50 Total $ 222 $ 190 Total Fixed assets: Long-term debt: SS $ 120 $ 176 Gross plant and equipment $ 343 $ 310 Stockholders' equity: Less: Depreciation 40 30 Preferred stock (4 million shares) $ 4 $ 4 Net plant and equipment $ 303 $ 280 Common stock and paid-in surplus (30 million shares) 60 60 Other long-term assets 40 40 Retained earnings 187 150 Total $ 343 $ 320 Total $ 251 $ 214 Total assets $ 565 $ 510 Total liabilities and equity $ 565 $ 510
Expert Solution
steps

Step by step

Solved in 5 steps with 7 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Cash Flow Statement Analysis
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
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
FUNDAMENTALS OF CORPORATE FINANCE
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:
9781260013962
Author:
BREALEY
Publisher:
RENT MCG
Financial Management: Theory & Practice
Financial Management: Theory & Practice
Finance
ISBN:
9781337909730
Author:
Brigham
Publisher:
Cengage
Foundations Of Finance
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
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…
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
SEE MORE TEXTBOOKS