Cash outflows and income statement of a company, Financial Management

a. You only need to complete the 2012 column, leave the 2011 column as is.

b. Base you net income and certain other information needed from the income statement you completed in template 21.

c. Remember that cash outflows are entered as negative numbers.

d. During the year, the company did not dispose of any assets and bought a new delivery truck for $32,500.

e. The company paid $2,000 per month in mortgage principle payments.

f.  Selected balance sheet account balances are shown below:

Balance sheet:







6/30/2012

6/30/2011

Taxes Payable


22688

11221

Accounts Receiv.


148777

156234

Wages Payable


10343

9211

Accounts Payable

125900

122010

Prepaid Expenses

2500

2500

Inventory


112400

108090

Cash



???????

14233

 

Posted Date: 4/2/2013 3:42:55 AM | Location : United States







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