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. IN-CLASS WORK SHEET ON FINANCIAL STATEMENTS AND RATIOSYou have been provided the following information for Macon Boards Inc..ACCOUNTCOST OF GOODS SOLDCASHDEPRECIATION EXPENSEINTEREST EXPENSESELLING &ADMINISTRATIVE EXPENSESACCOUNTS PAYABLENET FIXED ASSETSSALESACCOUNTS RECEIVABLESNOTES PAYABLELONG-TERM DEBTINVENTORYNEW EQUITYDIVIDEND PAYOUT RATIOEFFECTIVE TAX RATENET WORKING CAPITAL2021$303,077$46,615$91,201$19,848$53,534$82,397$402,364$683,775$33,032$37,554$203,098$69,511$050%21%$29,2072022$359,937$41,273$80,901$18,936$79,103$76,175$438,210$693,780$40,706$34,169$190,042$79,493$24,35260%25%$51,128

The Income Statement summarizes the revenues and expenses for the year, while the Balance Sheet…

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.

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter3: Taxes On The Financial Statements

Section: Chapter Questions

Problem 1BD

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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.

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

Definition Definition Net amount of cash that an entity receives and expends over the course of a given period. For a business to continue operating, positive cash flows are required, and they are also necessary to produce value for investors. Investors in particular prefer to see growing cash flows even after capital expenditures have been paid for (which is known as free cash flow).

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Step 1: To prepare the Income Statement and Balance Sheet for Macon Boards Inc. for the year ending December

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Step 2: Balance Sheet for the year ending December 31, 2022:

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Step 3: Calculation of operating cash flow (OCF):

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Step 4: Cash Flow from Assets (CFA)

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Step 5: Cash Flow to Creditors (CFC):

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Step 6: Cash Flow to Stockholders (CFS):

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Step 7: Calculation of internal growth and the internal growth rates for the company in 2022.

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