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The following data refers to Raytheon (all amounts are in millions). Additional information: the company paid a dividend and did not sell equipment. Income Statement For the fiscal year 2022 Revenue 1,200 Cost of Goods Sold (600) SG&A expense (200) Depreciation Expense (70) Rent Expense (20) Interest Expense (20) Income Tax Expense (90) Net Income 200 Balance Sheet 2021 2022 Change Assets Cash 70 100 30 Accounts Receivable 60 80 20 Inventories 180 60 (120) Building and Equipment, net 500 720 220 Total Assets 810 960 Liabilities and SE Accounts Payable 60 120 60 Accrued Expenses 30 50 20 Common Stock 250 350 100 Retained Earnings 470 440 (30) Total Liabilities & SE 810 960 4.A. Prepare a statement of cash flows in good form. For cash flows from operations use the indirect method. Statement of Cash Flows Cash flows from operating activities: Cash flows from investing activities: Cash flows from financing activities: 4. B. Based on your answers to (4. A), what stage of the life cycle the firm is in?

The following data refers to Raytheon (all amounts are in millions). Additional information: the company paid a dividend and did not sell equipment. Income Statement For the fiscal year 2022 Revenue 1,200 Cost of Goods Sold (600) SG&A expense (200) Depreciation Expense (70) Rent Expense (20) Interest Expense (20) Income Tax Expense (90) Net Income 200 Balance Sheet 2021 2022 Change Assets Cash 70 100 30 Accounts Receivable 60 80 20 Inventories 180 60 (120) Building and Equipment, net 500 720 220 Total Assets 810 960 Liabilities and SE Accounts Payable 60 120 60 Accrued Expenses 30 50 20 Common Stock 250 350 100 Retained Earnings 470 440 (30) Total Liabilities & SE 810 960 4.A. Prepare a statement of cash flows in good form. For cash flows from operations use the indirect method. Statement of Cash Flows Cash flows from operating activities: Cash flows from investing activities: Cash flows from financing activities: 4. B. Based on your answers to (4. A), what stage of the life cycle the firm is in?

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 following data refers to Raytheon (all amounts are in millions). Additional information: the company paid a dividend and did not sell equipment. Income Statement For the fiscal year 2022 Revenue 1,200 Cost of Goods Sold (600) SG&A expense (200) Depreciation Expense (70) Rent Expense (20) Interest Expense (20) Income Tax Expense (90) Net Income 200 Balance Sheet 2021 2022 Change Assets Cash 70 100 30 Accounts Receivable 60 80 20 Inventories 180 60 (120) Building and Equipment, net 500 720 220 Total Assets 810 960 Liabilities and SE Accounts Payable 60 120 60 Accrued Expenses 30 50 20 Common Stock 250 350 100 Retained Earnings 470 440 (30) Total Liabilities & SE 810 960 4.A. Prepare a statement of cash flows in good form. For cash flows from operations use the indirect method. Statement of Cash Flows Cash flows from operating activities: Cash flows from investing activities: Cash flows from financing activities: 4. B. Based on your answers to (4. A), what stage of the life cycle the firm is in?
Transcribed Image Text:The following data refers to Raytheon (all amounts are in millions). Additional information: the company paid a dividend and did not sell equipment. Income Statement For the fiscal year 2022 Revenue 1,200 Cost of Goods Sold (600) SG&A expense (200) Depreciation Expense (70) Rent Expense (20) Interest Expense (20) Income Tax Expense (90) Net Income 200 Balance Sheet 2021 2022 Change Assets Cash 70 100 30 Accounts Receivable 60 80 20 Inventories 180 60 (120) Building and Equipment, net 500 720 220 Total Assets 810 960 Liabilities and SE Accounts Payable 60 120 60 Accrued Expenses 30 50 20 Common Stock 250 350 100 Retained Earnings 470 440 (30) Total Liabilities & SE 810 960 4.A. Prepare a statement of cash flows in good form. For cash flows from operations use the indirect method. Statement of Cash Flows Cash flows from operating activities: Cash flows from investing activities: Cash flows from financing activities: 4. B. Based on your answers to (4. A), what stage of the life cycle the firm is in?
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