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

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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5

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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