Use SinCo's Income Statement and Balance Sheet to create a Statement of Cash Flows for the current year. What is Wright's Change in Working Capital What is Wright's Cash Flow from Operations What is Wright's Cash Flow from Investments What is Wright's Provide by Financing Actives What is Wright's Net change in cash What is Wright's Ending Cash Balance Does the 2014 Cash Balance from the Balance Sheet equal the Ending Cash Balance from the Statement of Cash Flows? True or False
Create a statement of cash flow for the current year using Wright Co's income statement and
| Income Statement: | Current Year |
| Revenue | 4,500.00 |
| Cost of Goods Sold | 2,250.00 |
| Gross Margin | 2,250.00 |
| SG&A | 580.00 |
| EBITDA | 1,670.00 |
| 540.00 | |
| EBIT | 1,130.00 |
| Interest Expense | 170.00 |
| EBT | 960 |
| Taxes | 336.00 |
| Net Income | 624.00 |
| Dividends | 410 |
| Addition to |
214.00 |
Balance Sheet:
| Assets | Prior Year | Current Year |
| Cash | 800 | ???? |
| 400 | 425.00 | |
| Inventory | 300 | 350.00 |
| Total Current Assets | 1,500 | ???? |
| Net Fixed Assets | 5,000 | 5,300.00 |
| Total Asset | 6,500 | ???? |
| Liabilities and Equity | Prior Year | Current Year |
| Accounts Payable | 300 | 350.00 |
| Notes Payable | 1,000 | 900.00 |
| Total Current Liabilities | 1,300 | 1,250.00 |
| Long-Term Debt | 2,000 | 2,500.00 |
| Total Liabilities | 3,300 | ???? |
| Common Stock and Paid-in Capital | 2,200 | 2,200 |
| Retained Earnings | 1,000 | 1,214.00 |
| Total Equity | 3,200 | ???? |
| Total Liabilities & Equity | 6,500 | ???? |
Use SinCo's Income Statement and Balance Sheet to create a Statement of
| What is Wright's Change in |
|
| What is Wright's Cash Flow from Operations | |
| What is Wright's Cash Flow from Investments | |
| What is Wright's Provide by Financing Actives | |
| What is Wright's Net change in cash | |
| What is Wright's Ending Cash Balance |
Does the 2014 Cash Balance from the Balance Sheet equal the Ending Cash Balance from the Statement of Cash Flows?
True or False
Given in the question:
Net Income during the year = 624
Depreciation Expense during the year = 540
Dividends paid during the year = 410
The missing figures of the balance sheet requires to be determined as per the accounting equation.
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Solved in 2 steps with 2 images
What is Wright's Change in
-125
What is Wright's
1039
and
What is Wright's Provide by Financing Actives
90 are wrong. Could you please take a look at it?
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