Create a statement of cash flow for the current year using Wright Co's income statement and balance sheet. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Income Statement:Current YearRevenue4,500.00Cost of Goods Sold2,250.00Gross Margin2,250.00SG&A580.00EBITDA1,670.00Depreciation Expense540.00EBIT1,130.00Interest Expense170.00EBT960Taxes336.00Net Income624.00Dividends410Addition to Retained Earnings214.00 Balance Sheet:AssetsPrior YearCurrent YearCash800????Accounts Receivables400425.00Inventory300350.00Total Current Assets1,500????Net Fixed Assets5,0005,300.00Total Asset6,500???? Liabilities and EquityPrior YearCurrent YearAccounts Payable300350.00Notes Payable1,000900.00Total Current Liabilities1,3001,250.00Long-Term Debt2,0002,500.00Total Liabilities3,300????Common Stock and Paid-in Capital2,2002,200Retained Earnings1,0001,214.00Total Equity3,200????Total Liabilities & Equity6,500???? Use SinCo's Income Statement and Balance Sheet to create a Statement of Cash Flows for the current year.What is Wright's Change in Working Capital What is Wright's Cash Flow from Operations What is Wright's Cash Flow from Investments What is Wright's Provide by Financing Actives What is Wright's Net change in cash What is Wright's Ending Cash Balance Does the 2014 Cash Balance from the Balance Sheet equal the Ending Cash Balance from the Statement of Cash Flows? True or False

Given in the question: Net Income during the year = 624 Depreciation Expense during the year = 540…

Answered: Use SinCo's Income Statement and…

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter16: Statement Of Cash Flows: Another Look

Section: Chapter Questions

Problem 4P

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Create a statement of cash flow for the current year using Wright Co's income statement and balance sheet. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Income Statement:	Current Year
Revenue	4,500.00
Cost of Goods Sold	2,250.00
Gross Margin	2,250.00
SG&A	580.00
EBITDA	1,670.00
Depreciation Expense	540.00
EBIT	1,130.00
Interest Expense	170.00
EBT	960
Taxes	336.00
Net Income	624.00
Dividends	410
Addition to Retained Earnings	214.00

Balance Sheet:

Assets	Prior Year	Current Year
Cash	800	????
Accounts Receivables	400	425.00
Inventory	300	350.00
Total Current Assets	1,500	????
Net Fixed Assets	5,000	5,300.00
Total Asset	6,500	????

Liabilities and Equity	Prior Year	Current Year
Accounts Payable	300	350.00
Notes Payable	1,000	900.00
Total Current Liabilities	1,300	1,250.00
Long-Term Debt	2,000	2,500.00
Total Liabilities	3,300	????
Common Stock and Paid-in Capital	2,200	2,200
Retained Earnings	1,000	1,214.00
Total Equity	3,200	????
Total Liabilities & Equity	6,500	????

Use SinCo's Income Statement and Balance Sheet to create a Statement of Cash Flows for the current year.

What is Wright's Change in Working Capital
What is Wright's Cash Flow from Operations
What is Wright's Cash Flow from Investments
What is Wright's Provide by Financing Actives
What is Wright's Net change in cash
What is Wright's Ending Cash Balance

Does the 2014 Cash Balance from the Balance Sheet equal the Ending Cash Balance from the Statement of Cash Flows?

True or False

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What is Wright's Change in Working Capital
-125
What is Wright's Cash Flow from Operations
1039
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What is Wright's Provide by Financing Actives
90 are wrong. Could you please take a look at it?

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