Problem #1 Robatics Corporation comparative balance sheets at December 31 (in millions) 2013 Assets Liabilities & Equity 2014 5 2013 2014 20 3 Notes payable 22 Acccunts payable 15 Accrued wages 55 Accrued taxes 5 Long-term debt Cash Accounts receivable 15 12 50 8 2 Inventories Fixed assets, net Other assets 3 15 Common stock 20 26 Retained eamings 40 44 Total assets 90 100 Total liabilities & equity 90 100 Net sales 48 Cost of goods solid Gross profit Selling and administrative expense Depreciation Interest expense 25 23 2 11 Net income before taxes Тахes 4 Net income after tax Retained eamings, 12/31/2013 Sub-total Less: Dividends Retained earnings, 12/31/2014 40 47 3 44 Prepare a statement of cash flows for 2014 using the indirect method for Robotics Corporation.

Problem #1 Robatics Corporation comparative balance sheets at December 31 (in millions) 2013 Assets Liabilities & Equity 2014 5 2013 2014 20 3 Notes payable 22 Acccunts payable 15 Accrued wages 55 Accrued taxes 5 Long-term debt Cash Accounts receivable 15 12 50 8 2 Inventories Fixed assets, net Other assets 3 15 Common stock 20 26 Retained eamings 40 44 Total assets 90 100 Total liabilities & equity 90 100 Net sales 48 Cost of goods solid Gross profit Selling and administrative expense Depreciation Interest expense 25 23 2 11 Net income before taxes Тахes 4 Net income after tax Retained eamings, 12/31/2013 Sub-total Less: Dividends Retained earnings, 12/31/2014 40 47 3 44 Prepare a statement of cash flows for 2014 using the indirect method for Robotics Corporation.

Financial & Managerial Accounting

13th Edition

ISBN:9781285866307

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 15.17EX: Profitability ratios The following selected data were taken from the financial statements of...

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JUBILEE’s trial balance from the general ledger at 31 December 2012 showed the following balances:GH¢’mGH¢’mRevenue 2,648Loan note interest paid3Purchases1,669Distribution costs514Administrative expenses345Interim dividend paid6Inventories at 1 January 2012444Trade receivables545Trade payables434Cash and cash equivalents2850Gp ordinary shares100Capital surplus814Retained earnings at 1 January 20123494% loan note repayable 2018 (issued 2010)150Land and buildings: Cost (including GH¢60m land) 380 Accumulated depreciation at 1/1/201264Plant and equipment: Cost 258 Accumulated depreciation at 1/1/2012126Investment property at 1 January 2012548Rental income48Proceeds from sale of equipment7,4,7404,740Further information to be taken into account:i. Closing inventories were counted and amounted to GH¢388m at cost. However, shortly after the year end out-of-date inventories with a cost of GH15m were sold for GH¢8m.ii. The company decided to change its accounting policy with respect to its 10…
#9 Item Prior year Current year Accounts payable 8,123.00 7,716.00 Accounts receivable 6,048.00 6,607.00 Accruals 997.00 1,500.00 Cash ??? ??? Common Stock 10,094.00 11,603.00 COGS 12,653.00 18,393.00 Current portion long-term debt 4,911.00 5,090.00 Depreciation expense 2,500 2,763.00 Interest expense 733 417 Inventories 4,245.00 4,824.00 Long-term debt 14,141.00 13,226.00 Net fixed assets 51,826.00 54,004.00 Notes payable 4,339.00 9,940.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,688.00 30,532.00 Sales 35,119 45,044.00 Taxes 2,084 2,775 What is the firm's cash flow from financing? Answer format: Number: Round to: 0 decimal places.
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