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Using this information, fill in the blanks on Rebecky's balance sheet below. TUT

Using this information, fill in the blanks on Rebecky's balance sheet below. TUT

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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Rebecky's Flowers 4U, Incorporated, had free cash flows during 2024 of $62 million, NOPAT of $114 million, and depreciation of $16 million. Using this information, fill in the blanks on Rebecky's balance sheet below. Note: Enter your answers in millions of dollars. (i.e., Enter 10,000,000 as 10.) Assets Current assets: Cash and marketable securities Accounts receivable Inventory Total Fixed assets: Gross plant and equipment Less: Accumulated depreciation Net plant and equipment Other long-term assets Total Total assets $ $ $ $ $ $ 2024 REBECKY'S FLOWERS 4U, INCORPORATED Balance Sheet as of December 31, 2024 and 2023 (in millions of dollars) 29 $ 82 132 243 $ 420 $ 56 364 $ 30 394 $ 637 $ 2023 0 26 72 112 210 Liabilities and Equity Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total Long-term debt: 370 Stockholders' equity: 40 330 30 Retained earnings 360 Total 570 Total liabilities and equity Preferred stock (5 million shares) Common stock and paid-in surplus (20 million shares) $ $ $ $ 2024 42 $ 80 5 $ 567 $ $ 40 217 262 $ 637 S 2023 40 60 80 180 165 5 40 180 225 570
Transcribed Image Text:Rebecky's Flowers 4U, Incorporated, had free cash flows during 2024 of $62 million, NOPAT of $114 million, and depreciation of $16 million. Using this information, fill in the blanks on Rebecky's balance sheet below. Note: Enter your answers in millions of dollars. (i.e., Enter 10,000,000 as 10.) Assets Current assets: Cash and marketable securities Accounts receivable Inventory Total Fixed assets: Gross plant and equipment Less: Accumulated depreciation Net plant and equipment Other long-term assets Total Total assets $ $ $ $ $ $ 2024 REBECKY'S FLOWERS 4U, INCORPORATED Balance Sheet as of December 31, 2024 and 2023 (in millions of dollars) 29 $ 82 132 243 $ 420 $ 56 364 $ 30 394 $ 637 $ 2023 0 26 72 112 210 Liabilities and Equity Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total Long-term debt: 370 Stockholders' equity: 40 330 30 Retained earnings 360 Total 570 Total liabilities and equity Preferred stock (5 million shares) Common stock and paid-in surplus (20 million shares) $ $ $ $ 2024 42 $ 80 5 $ 567 $ $ 40 217 262 $ 637 S 2023 40 60 80 180 165 5 40 180 225 570
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