The financial statements of Acme Co. include the following items (amounts in thousands):
Calculate the net cash flow provided by operations for Acme Co. for the year ended March 31, 2018.
Depreciation should be added back to net income.
Decrease in accounts receivable should be added.
Increase in inventory should be deducted.
Increase in accounts payable should be added.
Decrease in income tax payable should be deducted.
Net cash flow provided from operating activities:
= $1,700 + $1,300 + $200 - $100 + $100 - $100
= $3,100
The financial statements of Acme Co. include the following items (amounts in thousands): Calculate the net...
The financial statements of Simon Co. include the following items (amounts in thousands): Income Statement For the Year Ended December 31, 2017 Net income $ 470 Depreciation and amortization expense 343 At December 31 Balance Sheets 2017 2016 Accounts receivable $ 146 $ 162 Inventory 199 145 Accounts payable 56 102 Income taxes payable 74 40 Required: a. Calculate the net cash flow provided (used) by operations for Simon Co. for the year ended December 31, 2017. (E(Enter your answer...
The financial statements of Simon Co. include the following items (amounts in thousands): Income Statement For the Year Ended December 31, 2017 Net income $ 432 Depreciation and amortization expense 313 At December 31 Balance Sheets 2017 2016 Accounts receivable $ 145 $ 185 Inventory 184 109 Accounts payable 32 146 Income taxes payable 72 15 Required: a. Calculate the net cash flow provided (used) by operations for Simon Co. for the year ended December 31, 2017. (Enter your answer...
Pharoah Corporation’s financial statements for the fiscal year just ended are shown below: Cattail Corporation Financial Statements for Fiscal Year Just Ended ($ thousands) Income Statement Balance Sheet Net sales $1,300 Assets $700 Debt $570 Costs 350 Equity $130 Net income $950 Total $700 Total $700 Pharoah management expects sales to increase by 12 percent next year. Assume that the financial statement accounts vary directly with changes in sales and that management has no financing plan at this time. Given...
WACC, NPV, OCF and CFFA.
The following is a set of financial statements for Acme
Corporation.
The target capital structure for Acme is
60% debt and 40% equity. The risk-free
rate is 2%. The market risk premium is
5%. The beta of Acme against a relevant
stock index is 0.8. The pre-tax cost of
debt for Acme is 4%. Assume an effective
corporation tax of 17%.
Sales is expected to increase 15% per
year from the new machine project.
Working...
Motorsports of Philadelphia, Inc., reported the following financial statements for 2018: (Click the icon to view the income statement.) 3 (Click the icon to view the comparative balance sheets.) Read the requirement. a. Calculate the new borrowing or payment of long-term notes payable. Motorsports of Philadelphia had only one long-term note payable transaction during the year. The of long-term notes payable is $ | thousand. Reference Motorsports of Philadelphia, Inc. Income Statement Year Ended December 31, 2018 (In thousands) 700...
The following items were taken from the financial statements Wyatt Company. (All dollars are in thousands.) Long-term debt $ 1,950 Accumulated depreciation $ 5,600 Prepaid insurance 900 Accounts payable 2,444 Equipment 14,300 Notes payable after 2016 1,024 Long-term investments 464 Common stock 10,000 Short-term investments 3,490 Retained earnings 5,800 Notes payable in 2016 474 Accounts receivable 1,734 Cash 4,648 Inventory 1,456 Patents 600 2015 net income was 1,000 and dividends paid were $700. Instructions Prepare a classified balance sheet in...
Calculate the net income for the year.
These items are taken from the financial statements of Blue Spruce Corp.at December 31, 2018. Buildings $84.640 10,080 Accounts receivable Prepaid insurance 3,744 Cash 9,472 Equipment 65,920 Land 48.960 464 Office expense Income tax expense 160 Depreciation expense 4,240 Interest expense 2,080 Common shares 49,600 Retained earnings (January 1, 2018) 32,000 Accumulated depreciation-building 36.480 6.720 Accounts payable Income taxes payable Bank loan payable (due July 1, 2020) 880 74.880 14,976 Accumulated depreciation-equipment Interest...
The following items were taken from the financial statements of Bridgeport Company. (All amounts are in thousands.) Long-term debt Prepaid insurance Equipment Stock investments (long-term) Debt investments (short-term) Notes payable (due in 2020) Cash $900 Accumulated depreciation equipment $5,600 970 Accounts payable 1,200 11.100 Notes payable (due after 2020) 400 200 Common stock 11,470 3,700 Retained earnings 2.000 400 Accounts receivable 1,400 2,700 Inventory 1,900 Prepare a classified balance sheet in good form as of December 31, 2019. (Enter amounts...
13. Portions of the financial statements for Clear Transmissions Company are provided below. CLEAR TRANSMISSIONS COMPANY Income Statement For the Year Ended December 31, 2018 ($ in 000s) Sales $ 2,160 Cost of goods sold 864 Gross margin 1,296 Salaries expense $ 388 Depreciation expense 250 Patent amortization expense 38 Interest expense 96 Loss on sale of cash equivalents 20 792 Income before taxes 504 Income tax expense 252 Net Income $ 252 CLEAR TRANSMISSIONS COMPANY Selected Accounts from Comparative...
The following amounts (in thousands) were taken from the
December 31 statements of financial position of Maple Leaf
Foods Inc.:
2015
2014
Total assets
$2,630,865
$2,876,490
Total liabilities
577,731
631,994
How much is Maple Leaf Foods’ shareholders’ equity at December
31, 2015, and 2014?
A.
2015
2014
Maple Leaf Foods’ shareholders’ equity
$
$
B.
Write Maple Leaf Foods’ accounting equation for each
year.
Equation:
Shareholders,' equity, Assets, Liabilities
=
Liabilities, Assets , Current liabilities
+
Assets, Shareholders' equity,...