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With gven information fill in the Xs

With gven information fill in the Xs

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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With gven information fill in the Xs

123456 A B C Balance Sheet: Assets (Millions of Dollars) 3 Assets (million $) 4 Cash 5 S-T investment Accounts receivable 7 Inventories 8 Total current assets (CA) 9 Gross fixed assets (FA) 10 Less: Depreciation 11 Net FA 12 Total assets 13 14 15 16 17 Liabilities and Equity (million $) 18 Accounts payable (A/P) 19 Notes payable 20 Accruals 21 Total current liabilities (CL) 22 Long-term dept 23 Total liabilities 24 Common Stock 25 Retained earnings 26 Total equity 27 Total L&E 28 29 30 31 32 33 34 35 36 37 38 39 40 11 D E F 2038 80 120 420 600 1220 4000 1000 3000 4220 2038 340 50 300 690 800 1490 1200 1730 2930 4420 G H 1 2039 Percentage Change 70 -0.125 20 -0.8333333 540 0.28571429 800 0.33333333 1430 0.17213115 4820 1320 3500 0.16666667 4930 0.16824645 0.205 0.32 2039 Percentage Change 440 0.29411765 250 340 0.13333333 1030 0.49275362 4 1100 2130 1200 1910 0.10404624 3110 0.06143345 5240 0.18552036 J 0.375 0.4295302 0 K L M (million $) Sales COGS Income Statement (Millions of Dollars) Depreciation Other expenses Tot. op. costs EBIT Intrest expense Pre-tax ernings N Taxes (25%) Net Income O Tax Rate P Q 2038 5,500 4500 300 350 5150 350 70 280 25% 70 210 R S T 2039 Percentage Change 6,000 0.09090909 5000 0.11111111 350 0.16666667 420 0.2 U 5770 0.12038835 230 -0.3428571 120 0.71428571 110 -0.6071429 25% 27.5 -0.6071429 82.5 -0.6071429 V
Transcribed Image Text:123456 A B C Balance Sheet: Assets (Millions of Dollars) 3 Assets (million $) 4 Cash 5 S-T investment Accounts receivable 7 Inventories 8 Total current assets (CA) 9 Gross fixed assets (FA) 10 Less: Depreciation 11 Net FA 12 Total assets 13 14 15 16 17 Liabilities and Equity (million $) 18 Accounts payable (A/P) 19 Notes payable 20 Accruals 21 Total current liabilities (CL) 22 Long-term dept 23 Total liabilities 24 Common Stock 25 Retained earnings 26 Total equity 27 Total L&E 28 29 30 31 32 33 34 35 36 37 38 39 40 11 D E F 2038 80 120 420 600 1220 4000 1000 3000 4220 2038 340 50 300 690 800 1490 1200 1730 2930 4420 G H 1 2039 Percentage Change 70 -0.125 20 -0.8333333 540 0.28571429 800 0.33333333 1430 0.17213115 4820 1320 3500 0.16666667 4930 0.16824645 0.205 0.32 2039 Percentage Change 440 0.29411765 250 340 0.13333333 1030 0.49275362 4 1100 2130 1200 1910 0.10404624 3110 0.06143345 5240 0.18552036 J 0.375 0.4295302 0 K L M (million $) Sales COGS Income Statement (Millions of Dollars) Depreciation Other expenses Tot. op. costs EBIT Intrest expense Pre-tax ernings N Taxes (25%) Net Income O Tax Rate P Q 2038 5,500 4500 300 350 5150 350 70 280 25% 70 210 R S T 2039 Percentage Change 6,000 0.09090909 5000 0.11111111 350 0.16666667 420 0.2 U 5770 0.12038835 230 -0.3428571 120 0.71428571 110 -0.6071429 25% 27.5 -0.6071429 82.5 -0.6071429 V
A B 1 (1) Operating Activities (2039) 2 Net Income 3 456 4 Depreciation 7 Change in AP 8 Change in accruals 9 10 11 (2) Investing Activities (2039) 12 Cashed used to aquire FA C Net cash provided (used) by ops. D E 13 Change in S-T invest 14 Net cash invested in operations or assets 15 16 (3) Financing Activities (2039) 17 Change in notes payable 18 Change in long-term dept 19 20 Net cash provided (used) by fin. Act. 21 22 23 Summary of the Three Channels 24 Net cash provided (used) by operations 25 Net cash provided (used) by investment actvities 26 Net cash provided (used) by financing activities 27 Net change in cash 28 Cash at beginning of year 29 Cash at end of year 30 31 32 33 34 35 36 37 38 39 40 41 F (million $) Subtract Payment of cash dividents X Subtract Change in AR Subtract Change in inventories X X X (million $) X X X (million $) X X (million $) X X X X X X X X G H I J K L M N O P Q R S T U V
Transcribed Image Text:A B 1 (1) Operating Activities (2039) 2 Net Income 3 456 4 Depreciation 7 Change in AP 8 Change in accruals 9 10 11 (2) Investing Activities (2039) 12 Cashed used to aquire FA C Net cash provided (used) by ops. D E 13 Change in S-T invest 14 Net cash invested in operations or assets 15 16 (3) Financing Activities (2039) 17 Change in notes payable 18 Change in long-term dept 19 20 Net cash provided (used) by fin. Act. 21 22 23 Summary of the Three Channels 24 Net cash provided (used) by operations 25 Net cash provided (used) by investment actvities 26 Net cash provided (used) by financing activities 27 Net change in cash 28 Cash at beginning of year 29 Cash at end of year 30 31 32 33 34 35 36 37 38 39 40 41 F (million $) Subtract Payment of cash dividents X Subtract Change in AR Subtract Change in inventories X X X (million $) X X X (million $) X X (million $) X X X X X X X X G H I J K L M N O P Q R S T U V
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