### NikoJokic, Inc. Balance Sheets for the Years Ending December 31#### (All amounts are in dollars)##### Year 1- **Cash:** $174,300- **Accounts Receivable:** $278,880- **Inventory:** $1,812,720- **Total Current Assets:** $2,265,900- **Gross Fixed Assets:** $1,743,000- **Accumulated Depreciation:** $(522,900)- **Net Fixed Assets:** $1,220,100- **Total Assets:** $3,486,000#### Liabilities and Equity- **Notes Payable:** $278,880- **Accounts Payable:** $627,480- **Accruals:** $69,720- **Total Current Liabilities:** $976,080- **Long-term Debt:** $488,040- **Common Stock:** $104,580- **Capital Surplus:** $1,045,800- **Retained Earnings:** $871,500- **Total Liabilities and Equity:** $3,486,000##### Year 2- **Cash:** $142,560- **Accounts Receivable:** $178,200- **Inventory:** $2,031,480- **Total Current Assets:** $2,352,240- **Gross Fixed Assets:** $1,817,640- **Accumulated Depreciation:** $(605,880)- **Net Fixed Assets:** $1,211,760- **Total Assets:** $3,564,000#### Liabilities and Equity- **Notes Payable:** $356,400- **Accounts Payable:** $677,160- **Accruals:** $106,920- **Total Current Liabilities:** $1,140,480- **Long-term Debt:** $249,480- **Common Stock:** $178,200- **Capital Surplus:** $1,104,840- **Retained Earnings:** $891,000- **Total Liabilities and Equity:** $3,564,000#### Additional Data from Company Income Statement(s):- **Sales in Year 2:** $7,128,000- **Net Income in Year 2:** $142,560*Note: No long-term assets were sold

The question is related to Cash Flow Statement. Cash Flow Statement is summary of cash receipts and…

USE THE DATA IN THE TABLE BELOW TO ANSWER THE FOLLOWING 3 QUESTIONS NikoJokic, Inc. Balance Sheets for the Years Ending December 31, (All amounts are in dollars) Year 1 Year 2 Cash 174,300 142,560 Accounts receivable 278,880 178,200 Inventory 1,812,720 2,031,480 Total current assets 2,265,900 2,352,240 Gross fixed assets* 1,743,000 1,817,640 (Accumulated depreciation) (522,900) (605,880) Net fixed assets 1,220,100 1,211,760 Total assets 3,486,000 3,564,000 Notes payable 278,880 356,400 Accounts payable 627,480 677,160 Accruals 69,720 106,920 Total current liabilities 976,080 1,140,480 Long-term debt 488,040 249,480 Common stock 104,580 178,200 Capital surplus 1,045,800 1,104,840 Retained earnings 871,500 891,000 Total liabilities and equity 3,486,000 3,564,000 Additional Data from Company Income Statement(s): Sales in Year 2 7,128,000 142,560 Net income in Year 2 *No long-term assets were sold in either Year 1 or Year 2 31. What did NikoJokic, Inc. report as Net Cash Flow from Operating Activities for Year 2? 32. What did NikoJokic, Inc. report as Net Cash Flow from Investing Activities for Year 2? 33. What did NikoJokic, Inc. report as Net Cash Flow from Financing Activities for Year 2?

USE THE DATA IN THE TABLE BELOW TO ANSWER THE FOLLOWING 3 QUESTIONS NikoJokic, Inc. Balance Sheets for the Years Ending December 31, (All amounts are in dollars) Year 1 Year 2 Cash 174,300 142,560 Accounts receivable 278,880 178,200 Inventory 1,812,720 2,031,480 Total current assets 2,265,900 2,352,240 Gross fixed assets* 1,743,000 1,817,640 (Accumulated depreciation) (522,900) (605,880) Net fixed assets 1,220,100 1,211,760 Total assets 3,486,000 3,564,000 Notes payable 278,880 356,400 Accounts payable 627,480 677,160 Accruals 69,720 106,920 Total current liabilities 976,080 1,140,480 Long-term debt 488,040 249,480 Common stock 104,580 178,200 Capital surplus 1,045,800 1,104,840 Retained earnings 871,500 891,000 Total liabilities and equity 3,486,000 3,564,000 Additional Data from Company Income Statement(s): Sales in Year 2 7,128,000 142,560 Net income in Year 2 *No long-term assets were sold in either Year 1 or Year 2 31. What did NikoJokic, Inc. report as Net Cash Flow from Operating Activities for Year 2? 32. What did NikoJokic, Inc. report as Net Cash Flow from Investing Activities for Year 2? 33. What did NikoJokic, Inc. report as Net Cash Flow from Financing Activities for Year 2?

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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1 Required Information [The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity Assets Cash Req 1 For both the current year and one year ago, compute the following ratios 1. Express the balance sheets in common-size percents. 2. Assuming annual sales have not changed in the last three years, is the change in accounts receivable as a percentage of total assets favorable or unfavorable? 3. Assuming annual sales have not changed in the last three years, is the change in merchandise inventory as a percentage of total assets favorable or unfavorable? Complete this question by entering your answers in the tabs below. Accounts receivable, net Merchandise inventory Prepaid…
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