You are required to complete the following for Macon Boards for 2022. Income Statement for 2022. Balance Sheet for the year ending December 31, 2022. What is the operating cash flow for 2022? Cash Flow from Assets for 2022? Cash Flow to Creditors? Cash flow to Stockholders? Compute the internal growth and the internal growth rates for the company in 2022.
You are required to complete the following for Macon Boards for 2022. Income Statement for 2022. Balance Sheet for the year ending December 31, 2022. What is the operating cash flow for 2022? Cash Flow from Assets for 2022? Cash Flow to Creditors? Cash flow to Stockholders? Compute the internal growth and the internal growth rates for the company in 2022.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
You are required to complete the following for Macon Boards for 2022.
- Income Statement for 2022.
Balance Sheet for the year ending December 31, 2022.- What is the operating
cash flow for 2022? - Cash Flow from Assets for 2022?
- Cash Flow to Creditors?
- Cash flow to Stockholders?
- Compute the internal growth and the internal growth rates for the company in 2022.
Transcribed Image Text:IN-CLASS WORK SHEET ON FINANCIAL STATEMENTS AND RATIOS
You have been provided the following information for Macon Boards Inc..
ACCOUNT
COST OF GOODS SOLD
CASH
DEPRECIATION EXPENSE
INTEREST EXPENSE
SELLING &ADMINISTRATIVE EXPENSES
ACCOUNTS PAYABLE
NET FIXED ASSETS
SALES
ACCOUNTS RECEIVABLES
NOTES PAYABLE
LONG-TERM DEBT
INVENTORY
NEW EQUITY
DIVIDEND PAYOUT RATIO
EFFECTIVE TAX RATE
NET WORKING CAPITAL
2021
$303,077
$46,615
$91,201
$19,848
$53,534
$82,397
$402,364
$683,775
$33,032
$37,554
$203,098
$69,511
$0
50%
21%
$29,207
2022
$359,937
$41,273
$80,901
$18,936
$79,103
$76,175
$438,210
$693,780
$40,706
$34,169
$190,042
$79,493
$24,352
60%
25%
$51,128
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Step 1: To prepare the Income Statement and Balance Sheet for Macon Boards Inc. for the year ending December
VIEWStep 2: Balance Sheet for the year ending December 31, 2022:
VIEWStep 3: Calculation of operating cash flow (OCF):
VIEWStep 4: Cash Flow from Assets (CFA)
VIEWStep 5: Cash Flow to Creditors (CFC):
VIEWStep 6: Cash Flow to Stockholders (CFS):
VIEWStep 7: Calculation of internal growth and the internal growth rates for the company in 2022.
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