Find the cash flow from assets - partial income statement, Financial Management

Partial Income Statement Year Ending 2011

Sales Revenue                $350,000

COGS                            $140,000

Fixed Costs                     $ 43,000

SG&A Expenses             $ 28,000

Depreciation                    $ 46,000

Partial Balance Sheet 12/31/2010

Assets:                                                             Liabilities:

            Cash                          $ 16,000                        Notes Payable           $ 14,000

            Accounts Rec.           $ 28,000                        Accounts Payable     $ 19,000

            Inventories                $ 48,000                        Long-Term Debt      $190,000

            Fixed Assets            $368,000            Owners' Equity:

            Acc. Depreciation    $142,000                        Retained Earnings   $ ???????

            Intangible Assets      $ 82,000                        Common Stock        $130,000

Partial Balance Sheet 12/31/2011

                          Assets:                                                             Liabilities:

            Cash                          $ 26,000                        Notes Payable           $ 12,000

            Accounts Rec.           $ 19,000                        Accounts Payable     $ 24,000

            Inventories                $ 53,000                        Long-Term Debt      $162,000

            Fixed Assets            $448,000            Owners' Equity:

            Acc. Depreciation    $ ???????                        Retained Earnings     $ ??????

            Intangible Assets      $ 82,000                        Common Stock        $180,000

 

1.Complete the partial income statement if the company paid interest expense of $18,000 for 2011 and had an overall tax rate of 40% for 2011.

2.Complete the balance sheet (Hint, find accumulated depreciation for 2011 first).

3.Find the cash flow from assets for 2011 and break it down into its three parts: operating cash flow, capital spending, and change in net working capital.

Posted Date: 3/28/2013 1:55:36 AM | Location : United States







Related Discussions:- Find the cash flow from assets - partial income statement, Assignment Help, Ask Question on Find the cash flow from assets - partial income statement, Get Answer, Expert's Help, Find the cash flow from assets - partial income statement Discussions

Write discussion on Find the cash flow from assets - partial income statement
Your posts are moderated
Related Questions
Traditional   Capital Budgeting Techniques These techniques are usually very simple and easily catchable. But the fundamental drawback of these methods is that they don't cons

Cash vs. Accrual Accounting: While it is beyond the scope of this module to assess accounting systems against all types of accounting styles, it is important that managers unde

1. If Robinson wishes to maximize its total market value, would you recommend that it issue debt or equity to finance the land purchase? Explain. 2. Construct Robinson’s market va

What are the strategies in managing your finances? How it should be monitor?

Agency Mortgage-Backed Securities (AMBS) are securities that are backed by the mortgage loans. These securities include mortgage passthrough securities, stripped

What is the correlation between the efficient portfolio and the risk-free asset? Possible answers are +1, -1, 0, or cannot be calculated.

What is the meaning of Breakeven point?

Compare and contrast a defined benefit and a defined contribution pension plan. In a defined benefit plan, retirement benefits are defined by a formula that generally considers t

Q. Implications of Gordons fundamental valuation? Explanation: - The implications of Gordon's fundamental valuation may be as below: (1) While the rate of return of the firm

You are currently an Analyst working for a finance publication firm and as part of your responsibilities; you are required to provide a monthly forecast and analysis of certain com