Question

The Brown Jug Company has compiled the following information: 2013 $312.400 18,720 Sales Interest paid Long-term debt Owners' equity Depreciation Accounts receivable other costs Inventory Accounts payable Cost of goods sold Cash 134,600 21,600 15,600 32,400 36,800 12, 800 186,200 36,500 18,200 2014 $198,500 16.480 187,000 128,700 20.200 18,900 27.100 32,800 2 1.900 128,300 12,700 1,000 Notes: a All revenues and expenses are for the 12 months ending December 31 for 2013 and 2014 respectively. b All Balance Sheet items are ending balances at the close of Business on December 31 of 2013 and 2014 respectively. c. Other Costs refers to operating expenses (excluding Depreciation) for the 12 months periods. You are required to complete the following for 2014. a. Income Statement for 2014. b. Balance Sheet for the year ending December 31, 2014. c. What is the operating cash flow for 2014? d. What is the Net working capital for 2014?

a-d

Answer 1

4pome Statement for 2014 CA) Sales. Costof good sold Gooss Profit Operating cxpenes Other cost- $27100 Depreciation- 20200 $4198500 41283001 $70200. 2 (-) $47300 $22900 $16480 $6420. $41000 $5420 Opeiating Profit Finance cost Net inome Teees Nel profet after tex

(9) Balance Sheet for year endad Dec81.2014 2014 Asets Cash. Soventory Accounts recievable Fixed auet Prousion for dopeuako 20200) $12700 $32800 $18900 $2.99820 $279620 $344020 Total LPakialitios equity teim det. Acdounts payable $187000 $21900 $1000. $128700 $5420 Long Taxes Ownees cquity Retauied eamings $344020 Tolel

(0) Operaling cash flow for 2014 Net income + Non cash eepense t Changes in wouking cáputal $6420+$20200 - $3300 +$9100 + $4000 t $1000 $37420 Net warking lapulal (D) Cusient Aset. $64400 cusrent liability $22900 Net working aputala $41500