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Required: Use the information below to prepare a statement of cash flows for Windswept Woodworks, Incorporated for year 2. Net income given. (Use a minus sign to indicate negative values. Round your answers to 2 decimal places.) Accounts payable Accounts receivable Accumulated depreciation Cash & equivalents Common stock Cost of goods sold Depreciation expense Common stock dividends paid Interest expense Inventory Addition to retained earnings Long-term debt Notes payable Gross plant. & equipment Retained earnings Sales Other current liabilities Tax rate Windswept Woodworks, Incorporated Input Data (millions of dollars) Market price per share year end Number of shares outstanding Year 21 562 1,406 6,872 350 1,310 1,530 ? 2 170 1,140 602 938 260 10,380 3,188 3,048 146 21% $ 21.80 500 million Year 1 494 940 6,742 238 1,230 n.a. n.a. n.a. n.a. 1,136 n.a. 846 410 10,120 2,586 n.a. 126 n.a. $ 19.50 500 million

Required: Use the information below to prepare a statement of cash flows for Windswept Woodworks, Incorporated for year 2. Net income given. (Use a minus sign to indicate negative values. Round your answers to 2 decimal places.) Accounts payable Accounts receivable Accumulated depreciation Cash & equivalents Common stock Cost of goods sold Depreciation expense Common stock dividends paid Interest expense Inventory Addition to retained earnings Long-term debt Notes payable Gross plant. & equipment Retained earnings Sales Other current liabilities Tax rate Windswept Woodworks, Incorporated Input Data (millions of dollars) Market price per share year end Number of shares outstanding Year 21 562 1,406 6,872 350 1,310 1,530 ? 2 170 1,140 602 938 260 10,380 3,188 3,048 146 21% $ 21.80 500 million Year 1 494 940 6,742 238 1,230 n.a. n.a. n.a. n.a. 1,136 n.a. 846 410 10,120 2,586 n.a. 126 n.a. $ 19.50 500 million

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
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Required: Use the information below to prepare a statement of cash flows for Windswept Woodworks, Incorporated for year 2. Net income is given. (Use a minus sign to indicate negative values. Round your answers to 2 decimal places.) Accounts payable Accounts receivable Accumulated depreciation Cash & equivalents Common stock Cost of goods sold Depreciation expense Common stock dividends paid Interest expense Inventory Addition to retained earnings Long-term debt Notes payable Gross plant & equipment. Retained earnings: Sales Other current liabilities Tax rate Windswept Woodworks, Incorporated Input Data (millions of dollars) Market price per share-year end Number of shares outstanding. Windswept Woodworks, Incorporated Statement of Cash Flows Year 21 562 1,406 6,872 350 1,310 1,530 2 ? 170 1,140 602 938 260 10,380 3,188 3,048 146 218 $ 21.80 500 million Year 1 494 940 6,742 238 1,230 n.a. p.a. n.a. n.a. 1,136 n.a. 846 410 10,120 2,586 n.a. 126 n.a. $19.50 C 500 million
Transcribed Image Text:Required: Use the information below to prepare a statement of cash flows for Windswept Woodworks, Incorporated for year 2. Net income is given. (Use a minus sign to indicate negative values. Round your answers to 2 decimal places.) Accounts payable Accounts receivable Accumulated depreciation Cash & equivalents Common stock Cost of goods sold Depreciation expense Common stock dividends paid Interest expense Inventory Addition to retained earnings Long-term debt Notes payable Gross plant & equipment. Retained earnings: Sales Other current liabilities Tax rate Windswept Woodworks, Incorporated Input Data (millions of dollars) Market price per share-year end Number of shares outstanding. Windswept Woodworks, Incorporated Statement of Cash Flows Year 21 562 1,406 6,872 350 1,310 1,530 2 ? 170 1,140 602 938 260 10,380 3,188 3,048 146 218 $ 21.80 500 million Year 1 494 940 6,742 238 1,230 n.a. p.a. n.a. n.a. 1,136 n.a. 846 410 10,120 2,586 n.a. 126 n.a. $19.50 C 500 million
for the period ending December 31, Year 2 (millions of dollars) Cash balance on December 31, year 1 Cash flows from operations Net income Add: depreciation expense Increase in accounts receivable Increase in inventories Increase in accounts payable Decrease in notes payable Increase in other current liabilities Total cash flow from operations Cash flows from investment activities Increase in gross plant and equipment Total cash flow from investments Cash flows from financing activities Increase in long-term debt Increase in common stock Cash dividends paid to common stockholders Total cash flow from financing Net change in cash balance. Cash balance on December 31, year 2 $ $ 238.00 962.22
Transcribed Image Text:for the period ending December 31, Year 2 (millions of dollars) Cash balance on December 31, year 1 Cash flows from operations Net income Add: depreciation expense Increase in accounts receivable Increase in inventories Increase in accounts payable Decrease in notes payable Increase in other current liabilities Total cash flow from operations Cash flows from investment activities Increase in gross plant and equipment Total cash flow from investments Cash flows from financing activities Increase in long-term debt Increase in common stock Cash dividends paid to common stockholders Total cash flow from financing Net change in cash balance. Cash balance on December 31, year 2 $ $ 238.00 962.22
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