Using Excel to Calculate Cash Flows from Operations Using the Indirect Method PROBLEM The following is financial information for three companies. Sales revenue Cost of goods sold Selling and administrative Depreciation expense Interest expense Income tax expense Dividends paid Increase /(Decrease) in Accounts receivable Inventory Property, plant, and equipment Accounts payable Interest payable Income tax payable Notes payable Common shares Blue spruce $ Marx Ltd. Tamarisk Ltd. 458,300 $ 689,500 $1,123,600 250,900 79,800 7,500 2,700 23,000 11,000 (2,900) 3,400 60,900 6,400 (1,400) 4,200 23,300 35,300 396,900 112,200 21,900 1,200 42,000 6,200 7,200 (10,100) (13,400) (10,500) 1,800 (2,800) (47,800) (4,400) 743,400 126,500 34,400 4,200 56,800 31,400 (9,900) 18,600 71,300 3,940 (500) 9,100 10,000 (95,200)
Using Excel to Calculate Cash Flows from Operations Using the Indirect Method PROBLEM The following is financial information for three companies. Sales revenue Cost of goods sold Selling and administrative Depreciation expense Interest expense Income tax expense Dividends paid Increase /(Decrease) in Accounts receivable Inventory Property, plant, and equipment Accounts payable Interest payable Income tax payable Notes payable Common shares Blue spruce $ Marx Ltd. Tamarisk Ltd. 458,300 $ 689,500 $1,123,600 250,900 79,800 7,500 2,700 23,000 11,000 (2,900) 3,400 60,900 6,400 (1,400) 4,200 23,300 35,300 396,900 112,200 21,900 1,200 42,000 6,200 7,200 (10,100) (13,400) (10,500) 1,800 (2,800) (47,800) (4,400) 743,400 126,500 34,400 4,200 56,800 31,400 (9,900) 18,600 71,300 3,940 (500) 9,100 10,000 (95,200)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![Using Excel to Calculate Cash Flows from Operations Using the Indirect Method
PROBLEM
The following is financial information for three companies.
Sales revenue
Cost of goods sold
Selling and administrative
Depreciation expense
Interest expense
Income tax expense
Dividends paid
Increase /(Decrease) in
Accounts receivable
Inventory
Property, plant, and equipment
Accounts payable
Interest payable
Income tax payable
Notes payable
Common shares
Blue spruce
$
Marx Ltd. Tamarisk Ltd.
458,300 $ 689,500 $1,123,600
250,900
79,800
7,500
2,700
23,000
11,000
(2,900)
3,400
60,900
6,400
(1,400)
396,900
112,200
21,900
1,200
42,000
6,200
7,200
(10,100)
(13,400)
(10,500)
1,800
4,200
(2,800)
23,300 (47,800)
35,300
(4,400)
743,400
126,500
34,400
4,200
56,800
31,400
(9,900)
18,600
71,300
3,940
(500)
9,100
10,000
(95,200)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F866b04e5-d6c6-4d8d-9080-8a0375537ce7%2Fc8718746-188d-40d4-856d-78709dcc6fb3%2Fts6u7gf_processed.png&w=3840&q=75)
Transcribed Image Text:Using Excel to Calculate Cash Flows from Operations Using the Indirect Method
PROBLEM
The following is financial information for three companies.
Sales revenue
Cost of goods sold
Selling and administrative
Depreciation expense
Interest expense
Income tax expense
Dividends paid
Increase /(Decrease) in
Accounts receivable
Inventory
Property, plant, and equipment
Accounts payable
Interest payable
Income tax payable
Notes payable
Common shares
Blue spruce
$
Marx Ltd. Tamarisk Ltd.
458,300 $ 689,500 $1,123,600
250,900
79,800
7,500
2,700
23,000
11,000
(2,900)
3,400
60,900
6,400
(1,400)
396,900
112,200
21,900
1,200
42,000
6,200
7,200
(10,100)
(13,400)
(10,500)
1,800
4,200
(2,800)
23,300 (47,800)
35,300
(4,400)
743,400
126,500
34,400
4,200
56,800
31,400
(9,900)
18,600
71,300
3,940
(500)
9,100
10,000
(95,200)
![Student Work Area
Required: Provide input into cells shaded in yellow in this template. Input the
required mathematical formulas or functions with cell references to the Problem
area or work area as indicated.
For each company, calculate net income and cash flow from operations using the
indirect method.
Net Income
Cash flow from operations
Blue Spruce Ltd. Marx Ltd.
Tamarisk Ltd.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F866b04e5-d6c6-4d8d-9080-8a0375537ce7%2Fc8718746-188d-40d4-856d-78709dcc6fb3%2Fji77z8b_processed.png&w=3840&q=75)
Transcribed Image Text:Student Work Area
Required: Provide input into cells shaded in yellow in this template. Input the
required mathematical formulas or functions with cell references to the Problem
area or work area as indicated.
For each company, calculate net income and cash flow from operations using the
indirect method.
Net Income
Cash flow from operations
Blue Spruce Ltd. Marx Ltd.
Tamarisk Ltd.
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