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
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
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
Related questions
Question
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 |
540.00 | |
EBIT | 1,130.00 |
Interest Expense | 170.00 |
EBT | 960 |
Taxes | 336.00 |
Net Income | 624.00 |
Dividends | 410 |
Addition to |
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
What is Wright's Change in |
|
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
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 2 images
Follow-up Questions
Read through expert solutions to related follow-up questions below.
Follow-up Question
What is Wright's Change in
-125
What is Wright's
1039
and
What is Wright's Provide by Financing Actives
90 are wrong. Could you please take a look at it?
Solution
by Bartleby Expert
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT