Question

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His plans include opening another surtboard store in Hawaii. as well as supplying his "'sticks" (surfer lingo for boards) to other sellers. Tad's expansion plans require a signiticant investment, which he plans to finance with a combination of additional funds from outsiders plus some money borrowed from banks. Naturally. the new investors and creditors reacquire more organized and detailed financial statements than Tad has previously prepared. At the urging of his investors, Tad has hired financial analyst Christina Wolfe to evaluate the performance of the company over the past year. After rooting through old bank statements. sales receipts, tax returns. and other records, Christina has assembled the following information: 2010 2011 Cost goods sold Cash Depreciation Interest expense Selling and administurative Accounts payable Net fixed assets Sales AccountS receivable Notes payable Long-term debt Inventory New equity S 163 B49 $206 886 643 35,721 282 11,526 42,058 47.325 248.625 391.810 21,732 ,796 116,334 43,381 500 255 10,056 32,223 41,786 204.068 321.437 16,753 19,046 103,006 32,255 Sunset Boards currently pays out 50 percent of net income as dividends to Tad and the other original investors, and it has a 20 percent tax rate. You are Christina's assistant, and she has asked you to prepare the following: 1. An income statement for 2010 and 2011. 2. A balance sheet for 2010 and 2011. 3. Operating cash flow for each year. 4. Cash flow from assets for 2011 5. Cash flow to creditors for 2011. 6. Cash flow to stockholders for 2011. QUESTIONS 1. How would you deseribe Sunset Boards' cash flows for 2011? Write a brief discussion. 2 In light of your discussion in the previous question, what do you think about Tad's expansion plans? Chapter 3 P88-89 MINICASE Ratio Analysis at S&S Air, Inc. Chris Guthrie was recently hired by S&S Air, Inc., to assist the company with its financial ****** Result for Image/Page 1 ****** 4:55 3184cc7bad31a750ea0b523 QQU FARS His plans include opening another surtboard store in Hawaii. as well as supplying his "'sticks" (surfer lingo for boards) to other sellers. Tad's expansion plans require a signiticant investment, which he plans to finance with a combination of additional funds from outsiders plus some money borrowed from banks. Naturally. the new investors and creditors reacquire more organized and detailed financial statements than Tad has previously prepared. At the urging of his investors, Tad has hired financial analyst Christina Wolfe to evaluate the performance of the company over the past year. After rooting through old bank statements. sales receipts, tax returns. and other records, Christina has assembled the following information: 2010 2011 Cost goods sold Cash Depreciation Interest expense Selling and administurative Accounts payable Net fixed assets Sales AccountS receivable Notes payable Long-term debt Inventory New equity S 163 B49 $206 886 643 35,721 282 11,526 42,058 47.325 248.625 391.810 21,732 ,796 116,334 43,381 500 255 10,056 32,223 41,786 204.068 321.437 16,753 19,046 103,006 32,255 Sunset Boards currently pays out 50 percent of net income as dividends to Tad and the other original investors, and it has a 20 percent tax rate. You are Christina's assistant, and she has asked you to prepare the following: 1. An income statement for 2010 and 2011. 2. A balance sheet for 2010 and 2011. 3. Operating cash flow for each year. 4. Cash flow from assets for 2011 5. Cash flow to creditors for 2011. 6. Cash flow to stockholders for 2011. QUESTIONS 1. How would you deseribe Sunset Boards' cash flows for 2011? Write a brief discussion. 2 In light of your discussion in the previous question, what do you think about Tad's expansion plans? Chapter 3 P88-89 MINICASE Ratio Analysis at S&S Air, Inc. Chris Guthrie was recently hired by S&S Air, Inc., to assist the company with its financial

Answer 1

REF::  https://www.homeworklib.com/question/1352787/cash-flow-and-financial-statements-at-sunset