2013 2014 Sales $4,500 $4,775 Depreciation 750 1050 COGS 2422 2430 Interest 180 215 Cash 200 400 Accts Receivables 200 300 Notes Payable 100 150 Long-term debt 2956 1850 Net fixed assets 8000 9200 Accounts Payable 50 100 Inventory 1800 1600 Dividends 225 275 Tax rate 35% 35% 1. What is the cash flow from operating activities? 2. What is the cash flow from financing activities? What is the days sales in accounts receivable or the AR period?
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2013 2014
Sales
$4,500
$4,775
Depreciation
750
1050
COGS
2422
2430
Interest
180
215
Cash
200
400
Accts Receivables
200
300
Notes Payable
100
150
Long-term debt
2956
1850
Net fixed assets
8000
9200
Accounts Payable
50
100
Inventory
1800
1600
Dividends
225
275
Tax rate
35%
35%
1. What is the cash flow from operating activities?
2. What is the cash flow from financing activities?
What is the days sales in
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- Solve for fy22 sales and depreciation a on the 2022 income statement. remember to reference the growth rate provided by Paul.of 0.141 FY21 FY22 Sales $24884886 Blank Cost of Goods Sold $19659044 Other Expenses $2735335 Depreciation $995395 Blank Taxable Income $1493092 Taxes (21%) $313549 Net Income $1179543 Dividends $500,000 Add. to Retained Earnings $679543Use the below information to answer the following questions: 20202021Sales$11,573$12,936Depreciation 1661 1736Cost of goods sold 3979 4707Other Expenses 846 924Interest Expense 776 926Cash 6067 6466Accounts Receivables 8034 9427Short-term Notes Payable 1171 1147Long-term debt 20,320 24,696Net fixed assets 50,888 54,273Accounts Payable 4384 4644Tax rate 26% 34%Inventory 14,283 15,288Payout ratio 33% 30% A. Create the Balance Sheets for 2020 & 2021.Use the below information to answer the following questions: 20202021Sales$11,573$12,936Depreciation 1661 1736Cost of goods sold 3979 4707Other Expenses 846 924Interest Expense 776 926Cash 6067 6466Accounts Receivables 8034 9427Short-term Notes Payable 1171 1147Long-term debt 20,320 24,696Net fixed assets 50,888 54,273Accounts Payable 4384 4644Tax rate 26% 34%Inventory 14,283 15,288Payout ratio 33% 30% A. Create the Income Statements for 2020 and 2021 (including dividends paid and retained earnings).
- Use the information below to answer questions 5, 6 and 7. 2013 2014 Sales $4,500 $4,775 Depreciation 750 1050 COGS 2422 2430 Interest 180 215 Cash 200 400 Accts Receivables 200 300 Notes Payable 100 150 Long-term debt 2956 1850 Net fixed assets 8000 9200 Accounts Payable 50 100 Inventory 1800 1600 Dividends 225 275 Tax rate 35% 35% What is the cash flow from operating activities?INCOME STATEMENT Year ended June 30 2022 2021 $'000 $'000Revenue 22450 18675Cost of sales 8475 8055Gross Profit 13975 10620Distribution costs 4245 3120Administrative expenses 1276 2134Selling expenses…Income statement 2018 ( Mkr ) Revenue 95840 Operating expenses -94870 Operating profit 970 Interest income 50 Interest expenses -1550 Profit before tax -530 Tax 0 Net result -530 Balance sheet 20181231 ( Mkr) Total assets 65690 Equity 2910 Loan 25740 Non-interest bearing Liabilities 37040 Let us first study some financial key figures: a) What capital turnover rate did Thomas Cook create in 2018?ggr b) What was the debt / equity ratio of Thomas Cook 20181231?ggr c) What return on equity (RE) after tax did the company create in 2018?% Let us now assume that we are at the last board meeting in December 2018 and that financial targets for 2019 are discussed. Any profitability targets are set on opening balances for 2019. The Board (owners) are concerned about the financial balance and want an increase in the equity / assets ratio by one percentage point. The goal is expected to be reached in 20191231. However, the…
- 2020 2021 Sales $5,300 $5,900 Depreciation 750 850 COGS 2400 2900 Interest 180 196 Cash 200 500 Accts Receivables 200 400 Notes Payable 800 550 Long-term debt 1500 1950 Net fixed assets 3000 3500 Accounts Payable 250 400 Inventory 700 900 Dividend payout 30% 30% Tax rate 35% 30% What is the inventory period in 2021?2018 2017 Assets Cash 90,800 48,400 Accounts receivable 92,800 33,000 Inventories 112,500 102,850 Prepaid expenses 28,400 26,000 Supplies 138,000 114,000 Machine 270,000 242,500 Less: Accumulated depreciation -50,000 -52,000 Total 682,500 514,750 Liabilities and Shareholder’s equities Accounts payable 112,000 67,300 Other payable 16,500 17,000 Notes payable 110,000 150,000 Total paid-in capital 220,000 175,000 Retained earnings 224,000 105,450 Total 682,500 514,750 Income statement for the year ended 31 Dec 2018 Sales revenue 392,780 Cost of goods sold 135,460 Gross profit 257,320 Adverting expense 12,410 Depreciation expense 46,500 Income taxes expense 27,280 Interest expense 4,730 Loss on sale of machine 7,500 Net income 158,900 Please prepare cash flow statement for the year ended 31 Dec 2018, show T-Account of Retain earning at 31 Dec 2018Lan & Chen Technologies: Income Statements for Year Ending December 31 (Thousands of Dollars) 2018 2017 Sales $945,000 $900,000 Expenses excluding depreciation and amortization 812,700 774,000 EBITDA $132,300 $126,000 Depreciation and amortization 33,100 31,500 EBIT $99,200 $94,500 Interest Expense 10,470 8,600 EBT $88,730 $85,900 Taxes (40%) 35,492 34,360 Net income…
- Lan & Chen Technologies: Income Statements for Year Ending December 31 (Thousands of Dollars) 2018 2017 Sales $945,000 $900,000 Expenses excluding depreciation and amortization 812,700 774,000 EBITDA $132,300 $126,000 Depreciation and amortization 33,100 31,500 EBIT $99,200 $94,500 Interest Expense 10,470 8,600 EBT $88,730 $85,900 Taxes (40%) 35,492 34,360 Net income…2019: Profit Margin – Profit $1435 / Net Sales $38,464 = 0.037:1 OR 3.7% Working Capital – Current Assets $3406 - Current Liabilities $4291 = -885 Current Ratio – Current Assets $3406 / Current Liabilities $4291 = 0.79:1 OR $0.79 Current Cash Debt Coverage – Net Cash Provided by Operation Activities $2275 / Average Current Liabilities $8781.50 = 0.26:1 OR 0.26 Average Current Liabilities Calculation: 4291 + 8981 / 2 = 8781.50 Debt to Total Assets Ratio – Total Liabilities 4291 + 2129 = 6420 / Total Assets 3406 + 6371 = 9777 = 0.66:1 OR 0.66 Cash Debt Coverage – Net Cash Provided by Operation Activities $2275 / Average Total Liabilities 11,067.25 = 0.21:1 OR 0.21 Average Total Liabilities Calculation: 6420 + 9295 / 2 = 11,067.25 Return on Assets – Profit 1435 / Average Total Assets 11,160.50 = 0.128:1 OR 12.8% Average Total Assets Calculation: 9777 + 12544 / 2 = 11,160.50 2020: Profit Margin – Profit $978 / Net Sales $37,784 = 0.025:1 OR 2.5% Working Capital – Current Assets $3779 -…Windswept, Incorporated 2022 Income Statement (in millions) Net sales $ 9,430 Cost of goods sold 7,790 Depreciation 455 Earnings before interest and taxes $ 1,185 Interest paid 106 Taxable income $ 1,079 Taxes 378 Net income $ 701 Windswept, Incorporated 2021 and 2022 Balance Sheets (in millions) 2021 2022 2021 2022 Cash $ 230 $ 260 Accounts payable $ 1,390 $ 1,585 Accounts receivable 1,000 900 Long-term debt 1,120 1,310 Inventory 1,820 1,685 Common stock 3,380 3,020 Total $ 3,050 $ 2,845 Retained earnings 610 860 Net fixed assets 3,450 3,930 Total assets $ 6,500 $ 6,775 Total liabilities & equity $ 6,500 $ 6,775 What is the days' sales in receivables for 2022?