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Calculate: The following calculations will be based on the income statement and the balance sheet provided:
The net cash flow from operating activities The net cash flow from investing activities The net cash flow from financing activities
Income Statement for the Year Ended 12-31-2011
Amount in Dollars
Sales
2,000,000.00
Cost of Goods Sold
1,500,000.00
Gross Profit
500,000.00
Selling and Administrative Expenses
270,000.00
Depreciation Expense
50,000.00
Operating Profit (EBIT)
180,000.00
Interest Expense
20,000.00
Earnings Before Taxes
160,000.00
Taxes
49,500.00
Net Income
110,500.00
Notes:
Dividends Paid to Preferred Stockholders
10,500.00
Cash Dividend to Common Stockholders
Comparative Balance Sheet for the Years 2009 and 2010
12/31/09
12/31/10
Assets
Current Assets:
Cash
30,000.00
40,000.00
Marketable Securities
10,000.00
Accounts Receivable
170,000.00
200,000.00
Inventory
Prepaid Expenses
400,000.00
450,000.00
Long Term investments
Plant and Equipment
1,000,000.00
1,100,000.00
Less Accumulated Depreciation
550,000.00
600,000.00
Net Plant and Equipment
Total Assets
870,000.00
Liabilities and Stockholders' Equity
Current Liabilities
Accounts Payable
45,000.00
80,000.00
Notes Payable
100,000.00
Accrued Expenses
35,000.00
210,000.00
Long Term Liabilities
Bonds Payable, 2020
90,000.00
Total Liabilities
220,000.00
300,000.00
Stockholders' Equity
Preferred Stock
Common Stock
Capital Paid in Excess of Par
250,000.00
Retained Earnings
Total Stockholders' Equity
650,000.00
700,000.00
Total Liabilities and Stockholders' Equity
Cash Flow from Operating Activities as of 12/31/2009
Entry Name
Amount
Net Cash Flow from Operating Activities
-
Cash Flow from Investing Activities as of 12/31/2010
Net Cash Flow from Investing Activities
Cash Flow from Financing Activities as of 12/31/2010
Net Cash Flow from Financing Activities
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