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The Brown Jug Company has compiled the following information: Sales Interest paid Long-term debt Owners' equity Depreciation Accounts receivable Other costs Inventory 2013 $312,400 13,720 225,000 134,600 21.600 15,600 32,400 36.800 2014 $198,500 16,430 187.000 128,700 20,200 18,900 27,100 32,800 21.000

The Brown Jug Company has compiled the following information: Sales Interest paid Long-term debt Owners' equity Depreciation Accounts receivable Other costs Inventory 2013 $312,400 13,720 225,000 134,600 21.600 15,600 32,400 36.800 2014 $198,500 16,430 187.000 128,700 20,200 18,900 27,100 32,800 21.000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The Brown Jug Company has compiled the following information: Sales Interest paid Long-term debt Owners' equity Depreciation Accounts receivable Other costs Inventory Accounts payable Cost of goods sold Cash Taxes 2013 $312,400 13,720 225,000 134,600 a. Income Statement for 2014. b. Balance Sheet for the year ending December 31, 2014. c. What is the operating cash flow for 2014? d. What is the Net working capital for 2014? 21,600 15,600 32,400 36,800 12,800 136,200 36,500 18,200 2014 $198,500 16,480 187.000 128.700 20,200 18,900 27,100 32,800 21.900 128,300 12.700 1.000 Notes: a All revenues and expenses are for the 12 months ending December 31 for 2013 and 2014 respectively. h All Balance Sheet items are ending balances at the close of Business on December 31 of 2013 and 2014 respectively. Other Costs refers to operating expenses (excluding Depreciation) for the 12 months periods. C ou are required to complete the following for 2014.
Transcribed Image Text:The Brown Jug Company has compiled the following information: Sales Interest paid Long-term debt Owners' equity Depreciation Accounts receivable Other costs Inventory Accounts payable Cost of goods sold Cash Taxes 2013 $312,400 13,720 225,000 134,600 a. Income Statement for 2014. b. Balance Sheet for the year ending December 31, 2014. c. What is the operating cash flow for 2014? d. What is the Net working capital for 2014? 21,600 15,600 32,400 36,800 12,800 136,200 36,500 18,200 2014 $198,500 16,480 187.000 128.700 20,200 18,900 27,100 32,800 21.900 128,300 12.700 1.000 Notes: a All revenues and expenses are for the 12 months ending December 31 for 2013 and 2014 respectively. h All Balance Sheet items are ending balances at the close of Business on December 31 of 2013 and 2014 respectively. Other Costs refers to operating expenses (excluding Depreciation) for the 12 months periods. C ou are required to complete the following for 2014.
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