tem Prior year Current year Accounts payable 8,126.00 7,784.00 Accounts receivable 6,078.00 6,607.00 Accruals 994.00 1,452.00 Cash ??? ??? Common Stock 10,696.00 12,040.00 COGS 12,650.00 18,346.00 Current portion long-term debt 5,031.00 5,088.00 Depreciation expense 2,500 2,797.00 Interest expense 733 417 Inventories 4,240.00 4,781.00 Long-term debt 14,366.00 13,914.00 Net fixed assets 51,539.00 54,520.00 Notes payable 4,323.00 9,909.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,408.00 29,699.00 Sales 35,119 45,984.00 Taxes 2,084 2,775 What is the firm's cash flow from financing?
tem Prior year Current year Accounts payable 8,126.00 7,784.00 Accounts receivable 6,078.00 6,607.00 Accruals 994.00 1,452.00 Cash ??? ??? Common Stock 10,696.00 12,040.00 COGS 12,650.00 18,346.00 Current portion long-term debt 5,031.00 5,088.00 Depreciation expense 2,500 2,797.00 Interest expense 733 417 Inventories 4,240.00 4,781.00 Long-term debt 14,366.00 13,914.00 Net fixed assets 51,539.00 54,520.00 Notes payable 4,323.00 9,909.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,408.00 29,699.00 Sales 35,119 45,984.00 Taxes 2,084 2,775 What is the firm's cash flow from financing?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
| Item | Prior year | Current year |
| Accounts payable | 8,126.00 | 7,784.00 |
| 6,078.00 | 6,607.00 | |
| Accruals | 994.00 | 1,452.00 |
| Cash | ??? | ??? |
| Common Stock | 10,696.00 | 12,040.00 |
| COGS | 12,650.00 | 18,346.00 |
| Current portion long-term debt | 5,031.00 | 5,088.00 |
| 2,500 | 2,797.00 | |
| Interest expense | 733 | 417 |
| Inventories | 4,240.00 | 4,781.00 |
| Long-term debt | 14,366.00 | 13,914.00 |
| Net fixed assets | 51,539.00 | 54,520.00 |
| Notes payable | 4,323.00 | 9,909.00 |
| Operating expenses (excl. depr.) | 13,977 | 18,172 |
| 28,408.00 | 29,699.00 | |
| Sales | 35,119 | 45,984.00 |
| Taxes | 2,084 | 2,775 |
What is the firm's
Expert Solution
Step 1
The cash flow statement is an essential part of the financial statements of the organization. It is helpful for the stakeholders that they can identify the organization's financial situation as the firm have sufficient amount of cash to meet out their obligation. It can be repaired using direct and indirect methods.
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