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
Q. Explain Dividend Policy Decision? Dividend Policy Decision: - The financial management has to make a decision as which portion of the profits is to be distributed as dividen

Q. Benefits of Interest rate swaps? Interest rate swaps may provide several benefits to companies including: - The ability to get finance at a cheaper cost than would be p

What is behind the wave of mergers in the banking industry? A: Various economic factors have caused banking institutions to merge over the past various years. These factors inclu

Corrective Action: Once budget figures are compared with those actually achieved, and a variance analysis carried out, management can then take steps to correct any problems id

Par tnership A legally authorized business form in which two or more partners are co-owners, sharing profits, losses, and liabilities related with the business they own.

What is an annuity? An annuity is a sequence of equal cash flows, spaced consistently over time.

Under this approach of Valuation, all cash flows are discounted using single interest rate (discount rate).  For example: Consider the 5-year (7.00 percent) Treas

A holder in debt obligation, though does not have any opportunity to share in the economic growth of the firm, is interested in a firm's profitability because it

What are the advantages of “collecting early” and how do companies attempt to do this? Money has time value.  The sooner cash is collected, the better.  Companies employ regional

Can Engineering Tech effectively protect its interests and assure payment?