Rebecky's Flowers 4U, Incorporated, had free cash flows during 2024 of $43 million, NOPAT of $85 million, and depreciation of $14 million. Using this information, fill in the blanks on Rebecky's balance sheet below. Note: Enter your answers in millions of dollars. (i.e., Enter 10,000,000 as 10.) Assets Current assets: Cash and marketable securities Accounts receivable Inventory Total Fixed assets: Gross plant and equipment Less: Accumulated depreciation Net plant and equipment Other long-term assets Total Total assets $ $ $ $ $ $ 2024 REBECKY'S FLOWERS 4U, INCORPORATED Balance Sheet as of December 31, 2024 and 2023 (in millions of dollars) 28 $ 75 118 221 $ 333 $ 54 279 $ 50 329 $ 550 $ 2023 25 65 100 190 Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total Long-term debt: 300 Stockholders' equity: 40 Liabilities and Equity Preferred stock (5 million shares) Common stock and paid-in surplus (20 million shares) 260 50 Retained earnings 310 Total 500 Total liabilities and equity $ 2024 17 S 45 م من $ $ 40 * 192 $ 237 $ $ 550 $ 5 $ 2023 15 50 45 110 190 5 40 155 200 500

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
Rebecky's Flowers 4U, Incorporated, had free cash flows during 2024 of $43 million, NOPAT of $85 million, and depreciation of $14
million. Using this information, fill in the blanks on Rebecky's balance sheet below.
Note: Enter your answers in millions of dollars. (i.e., Enter 10,000,000 as 10.)
Assets
Current assets:
Cash and marketable securities
Accounts receivable
Inventory
Total
Fixed assets:
Gross plant and equipment
Less: Accumulated depreciation
Net plant and equipment
Other long-term assets
Total
Total assets
$
$
$
$
$
$
2024
REBECKY'S FLOWERS 4U, INCORPORATED
Balance Sheet as of December 31, 2024 and 2023
(in millions of dollars)
28 $
75
118
221 $
333 $
54
279
50
329
$
550 $
$
2023
25
65
100
190
Liabilities and Equity
Current liabilities:
Accrued wages and taxes
Accounts payable
Notes payable
Total
Long-term debt:
300 Stockholders' equity:
40
Preferred stock (5 million shares)
260
Common stock and paid-in surplus (20 million shares)
50 Retained earnings
310
Total
500 Total liabilities and equity
$
$
$
$
2024
17
45
$
40
192
237
550
$
$
5 $
$
$
2023
15
50
45
110
190
5
40
155
200
500
Transcribed Image Text:Rebecky's Flowers 4U, Incorporated, had free cash flows during 2024 of $43 million, NOPAT of $85 million, and depreciation of $14 million. Using this information, fill in the blanks on Rebecky's balance sheet below. Note: Enter your answers in millions of dollars. (i.e., Enter 10,000,000 as 10.) Assets Current assets: Cash and marketable securities Accounts receivable Inventory Total Fixed assets: Gross plant and equipment Less: Accumulated depreciation Net plant and equipment Other long-term assets Total Total assets $ $ $ $ $ $ 2024 REBECKY'S FLOWERS 4U, INCORPORATED Balance Sheet as of December 31, 2024 and 2023 (in millions of dollars) 28 $ 75 118 221 $ 333 $ 54 279 50 329 $ 550 $ $ 2023 25 65 100 190 Liabilities and Equity Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total Long-term debt: 300 Stockholders' equity: 40 Preferred stock (5 million shares) 260 Common stock and paid-in surplus (20 million shares) 50 Retained earnings 310 Total 500 Total liabilities and equity $ $ $ $ 2024 17 45 $ 40 192 237 550 $ $ 5 $ $ $ 2023 15 50 45 110 190 5 40 155 200 500
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

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, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education