The Operating Profit for X Inc for 2019 was 17,000 and the depreciation for the year...
The Operating Profit for X Inc for 2019 was 17,000 and the depreciation for the year was 8,0000. What was the net cash generated for operations in 2019?
| Balance sheet as of Dec 31 | 2018 | 2019 |
| Non-current Assets | 19,000 | 20,000 |
| Current Assets | ||
| Inventories | 4000 | 5000 |
| Trade Receivables | 2,500 | 2000 |
| Pre-Payments | 300 | 500 |
| Current Liabilities | ||
| Trade Payables | 9000 | 4000 |
| Other Payables | 200 | 700 |
Homework Answers
| Operating profit | $17000 |
| Add: Depreciation | 8000 |
| Change in operating assets and liabilities | |
| Increase in inventory (4000-5000) | (1000) |
| Decrease in trade receivable (2500-2000) | 500 |
| Increase in prepayment (300-500) | (200) |
| Decrease in Trade payable (4000-9000) | (5000) |
| Increase in other payable (700-200) | 500 |
| Net cash generated from Operations | $19800 |
Add Answer to:
The Operating Profit for X Inc for 2019 was 17,000 and the
depreciation for the year...
2019 2018 Statement of financial position as at 31 December 2019 2019 2018 £000 £000 E000...
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The following is the Statement of Profit or Loss and the Statements of Financial Position for...
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Example 2 Gatis has the following Statement of Profit or Loss for the year ended 31...
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I don't understand how they got 17,330 in balance sheet for the year 2000. I completely...
I don't understand how they got 17,330 in balance
sheet for the year 2000. I completely cant get how they got every
figure in balance sheet and income statement for 2001. I would be
really grateful if someone would take their time and explain in
details how they got these figures, I know it will be quite time
consuming to go through every figure, but please help me.
Bank Account: year to 31 December 20X1 Sales ledger receipts Cash Sales...
2. Christopher construction, Inc. has current assets of $20,000 and current liabilities of $10,000. If we...
2. Christopher construction, Inc. has current assets of $20,000 and current liabilities of $10,000. If we assume that each transaction is independent, what is the effect of each of the following transaction on Christopher Construction Inc.’s current ratio? Compute the current ratio for each case. a) $2000 of accounts payable are paid off with cash. b) Inventories of $5000 are purchased on credit. c) Additional common stock is sold for $4000 cash. d) A long-term debt of $2,000 is obtained,...
2. Christopher construction, Inc. has current assets of $20,000 and current liabilities of $10,000. If we...
2. Christopher construction, Inc. has current assets of $20,000 and current liabilities of $10,000. If we assume that each transaction is independent, what is the effect of each of the following transaction on Christopher Construction Inc.’s current ratio? Compute the current ratio for each case. a) $2000 of accounts payable are paid off with cash. b) Inventories of $5000 are purchased on credit. c) Additional common stock is sold for $4000 cash. d) A long-term debt of $2,000 is obtained,...
ABC Ltd has provided the following information: Income Statement for the year ended 30 June 2018...
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as follows The financial statements of Merlin plc have been prepared 014 & 2015 Statement of...
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A. Perform horizontal analysis and vertical analysis (for 2019 only) on the comparative balance sheet. In...
A. Perform horizontal analysis and vertical analysis (for 2019
only) on the comparative
balance sheet. In your answer please remember to indicate if it
is an INCREASE or
(DECREASE) and round your findings to ONE decimal place [e.g.
-32.996% is -33.0%
or minus 33.0% or (33.0%).
B. Calculate the current ratio for 2019.
C. Assuming credit sales for 2019 were $300,000 calculate the
receivables turnover ratio
for 2018.
D. Calculate the days in receivables ratio for 2019.
E. Calculate the...
2019 2018 Statement of financial position as at 31 December 2019 2019 2018 £000 £000 E000 £000 Assets Property Plant and Equipment 13,073.00 12.570.50 (NBV) Investments 3,550.00 Current Assets Inventory 8,243.50 7.946.00 Receivables 6,173.50 4,052.00 Cash and cash equivalent 431.50 14,848.50 362.00 12.360.00 Total Assets 31.471.50 24.930..50 Equity and Liabilities Share Capital Share Premium Revaluation Reserve Retained Earnings Non Current Liabilities Current Liabilities Trade Payables and others Total Equity and liabilities 6,500.00 6,250.00 1,325.00 12.388.00 5,000.00 2,500.00 1,325.00 26,463.00 11,428.00...
Auditing exercise Ratio calculations of an airline (service) industry Liquidity Ratio's Gross Profit Margin Gross Profit / sales x 100 2020 forecast $2,200,000/ 12,000,000 x 100 18.33% 2019 Actual 6,000,000 / 18,000,000 x 100 33.33% 2018 6,300,000 / 18,000,000 x 100 35% Current Ratio 2020 3,200,000 / 7,900,000 0,41% 2019 4,300,000 / 8,600,000 0.5% 2018 3,500,000 / 7,600,000 -0.46% Quick Ratio Current assets - inventories / current liabilities 2020 forecast 3,200,000 - 13,000,000 / 7,900,000 -1.241 2019 4,300,000 - 15,000,000...
Example 2 Gatis has the following Statement of Profit or Loss for the year ended 31 December 2007: Revenue Cost of sales Gross profit Distribution and administrative expenses Net profit before tax The following are extracts from Gatis's Statements of Financial Position: 1,200,000 (840,000) 360,000 (120,000) 240,000 2007 2006 Current assets Inventory Trade receivables Current liabilities Trade payables You are given the following further information (1) expenses include depreciation of $36,000, irrecoverable debts written-off of $14,000 and 160,000 140,000 259,000...
I don't understand how they got 17,330 in balance
sheet for the year 2000. I completely cant get how they got every
figure in balance sheet and income statement for 2001. I would be
really grateful if someone would take their time and explain in
details how they got these figures, I know it will be quite time
consuming to go through every figure, but please help me.
Bank Account: year to 31 December 20X1 Sales ledger receipts Cash Sales...
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A. Perform horizontal analysis and vertical analysis (for 2019
only) on the comparative
balance sheet. In your answer please remember to indicate if it
is an INCREASE or
(DECREASE) and round your findings to ONE decimal place [e.g.
-32.996% is -33.0%
or minus 33.0% or (33.0%).
B. Calculate the current ratio for 2019.
C. Assuming credit sales for 2019 were $300,000 calculate the
receivables turnover ratio
for 2018.
D. Calculate the days in receivables ratio for 2019.
E. Calculate the...
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