Cost of goods sold $ 4878 Interest 238 Dividends 420 Depreciation. 789 Change in retained earnings 631 Tax Rate 34% What is the operating cash flow for 2011?
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Cost of goods sold $ 4878
Interest 238
Change in
Tax Rate 34%
What is the operating cash flow for 2011?
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- Accrual Basis Income Statement for the Year Ended December 31, 2012. Net sales $900,000 Expenses Cost of goods sold 550,000 Selling and administrative expense 133,000 Total expenses 683,000 Income before income taxes 217,000 Income taxes 65,400 Net income $151,600 Other data: a. Cost of goods sold includes depreciation expense of $20.000. b. Selling and administrative expense includes goodwill amortization of 10,000. c. Decrease in deferred income taxes (a liability account), $5,000. d. Increase in accounts receivable, $20,000. e. Increase in accounts payable, $10.000. f. Increase in inventories, $30,000. g. Decrease in income taxes payable, $20.000. Required: 2. Prepare the cash flows from operating activities using the indirect approach.The cost of goods sold during the year was $341600. Inventory decreased by $11200 during the year and accounts payable decreased by $13400 during the year. Using the direct method of reporting cash flows from operating activities, cash payments for inventory total $355000. $343800. $366200. $317000.($ in 000s) Cash and cash equivalents $247,286 Short-term investments 362,700 Accounts receivable 513,944 Inventory 468,738 Prepaid expenses (current) 92,259 Total current assets 1,684,927 Long-term receivables 119,800 Equipment (net) Total assets Notes payable (current) 40,116 Accounts payable 41,072 Accrued liabilities 430,772 Other current liabilities 190,604 Total current liabilities 702,564 Long-term debt 343,576 Total liabilities 1,046,140 Common stock 460,627 Retained earnings 1,000,000 1. Find Equipment (net) 2. Find Total Assests
- Net income = $156,042 Sales = $4,063,589 Determina los siguientes valores para la empresa Current ratio _____________ Quick ratio _____________ Days’ sales outstanding (DSO) _____________ Total asset turnover ratio _____________ Fixed asset turnover ratio _____________need formula for cost of goods sold CURRENT ASSETS Cash and cash equivalents $ 607,987 $ 480,626 Accounts receivable, net 104,500 80,545 Inventory 26,445 26,096 Prepaid expenses and other current assets 54,906 57,076 Income tax receivable 282,783 27,705 Investments 343,616 400,156 Total current assets 1,420,237 1,072,204 Leasehold improvements, property and equipment, net 1,584,311 1,458,690 Long term investments 102,328 0 Restricted cash 27,849 27,855 Operating lease assets 2,767,185 2,505,466 Other assets 59,047 18,450 Goodwill 21,939 21,939 Total assets 5,982,896 5,104,604 Current liabilities: Accounts payable 121,990 115,816 Accrued payroll and benefits 203,054 126,600 Accrued liabilities 164,649 155,843 Unearned revenue 127,750 95,195 Current operating lease liabilities 204,756 173,139 Total current liabilities 822,199 666,593 Commitments and contingencies (Note 12) Long-term operating lease liabilities 2,952,296…A. Cost of goods sold is 48.57% of net sales for 2017 B. Net Sales increased $80 000 or 33.63% during 2017 C. Accounts receivable is 14.89% of total assets for 2016 D. Gross profit is 57.90% of net sales for 2017
- The cost of goods sold during the year was $281200. Inventory increased by $9000 during the year and accounts payable decreased by $14100 during the year. Using the direct method of reporting cash flows from operating activities, cash payments for inventory total?Based on this income statement, what is Operating Cash Flow Sales $661,198 Costs $446,260 Depreciation $86,721 EBIT? Taxes(31%)? Net Income?Profit and Loss Account for the year ended 31st December 2021 (Figures are in £000) Particulars XYZ ABC Sales 3,690 4,586 Less: Cost of Goods Sold (Including purchases) (2,146) (2,690) Gross Profit 1,544 1,896 Less: Selling & Distribution Expenses Less: Depreciation (1,103) (1,253) Earnings before Interest & Tax or Operating Profit 441 643 Less: Interest (225) (192) Earnings before Tax 216 451 Less: Taxes (86) (180) Earnings after Tax or Net Profit 130 271 Balance Sheet as at31st December 2021 (Figures are in £000) Assets XYZ ABC Fixed Assets 4,542 4,790 Current Assets Account Receivables 274 313 Inventory 654 702 Cash 140 163 Total Current Assets 1,068 1,178 Total Assets 5,610 5,968 Liabilities Capital 3,824 4,310 Long Term Debt 883 760 Current Liabilities Account Payables…
- Stack Technologies Income Statement For the year ended December 31, 2021 Net Sales $405,000 Expenses Cost of Goods Sold $235,000 Operating expenses $70,000 Depreciation expense $17,000 Income Tax Expense $27,000 Total Expenses $349,000 Net Income $ 56,000 Stack Technologies Selected Balance Sheet Data December 31, 2021, compared to December 31, 2020 Decrease in accounts receivable $7,000 Increase in inventory 14,000 Decrease in prepaid rent 10,000…Exxon Mobil Corporation: Analyzing Effects of LIFO on Inventory Turnover Ratios The current assets of Exxon Mobil Corporation follow: ($ millions) 2014 2013 Current Assets Cash and Cash Equivalents $4,658 $4,913 Notes and Accounts Receivables 28,009 33,152 Inventories: Crude oil, products and merchandise 12,384 12,117 Materials and supplies 4,294 4,018 Other current assets 3,565 5,108 Total current assets $52,910 $59,308 In addition, the following note was provided in its 2014 10-K report: Inventories. Crude oil, products, and merchandise inventories are carried at the lower of current market value or cost (generally determined under the last-in, first-out method—LIFO). Inventory costs include expenditures and other charges (including depreciation) directly and indirectly incurred in bringing the inventory to its existing condition and location. Selling expenses and general and administrative expenses are reported as period costs and excluded from inventory cost. Inventories of…Income statement net sales $51,407.00 cost of products sold $25,076.00 gross profit $26,331.00 marketing, research, administrative exp $15,746.00 Depreciation $758.00 operating income(loss) $9,827.00 Interest expense $477.00 Earnings (loss)before income taxes $9,350.00 Income taxes $2,869.00 Net earnings(loss) $6,481.00 Balance Sheet Assets: Liablilites and Equity: cash and marketable securities $5,469.00 accounts payable $3,617.00 investment securities $423.00 accrued and other liablilties $7,689.00 accounts receivable $4,062.00 taxes payable $2,554.00 inventory $4,400.00 debt due within one year $8,287.00 deffered income taxes $958.00 total current liabilite $22,147.00 prepaid expense and other receivables $1,803.00 long term debt $12,554.00 total current assets $17,115.00 deferrred income taxes…