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Exercise 2-Constructing the statement of cash flows #2: You are the controller of the Claire Underwood...
Create the 2018 statement of cash flows, and it should be created on the appropriate tab...
Create the 2018 statement of cash flows, and it should be
created on the appropriate tab of the Excel. Also finish the last
picture of the all totals and sub totals.
Income Statement For the Years Ended December 31, 2018 and 2017 $ in millions 2018 2017 Revenue $ Net sales Cost of merchandise sold Gross Profit 44,452 $ 24,969 19,483 37,043 20,807 16,236 Operating Expenses Selling, general and administrative Depreciation Amortization Operating income 7,182 2,550 45 9,706 5,985 2,499...
Using the following Balance Sheet and additional information, prepare a Statement of Cash Flows for Charlie...
Using the following Balance Sheet and additional information, prepare a Statement of Cash Flows for Charlie Company for 2018 on the following page: (30 points): CHARLIE COMPANY Comparative Balance Sheet Dec 31, 2018 Dec 31, 2017 Assets Cash $ 28,000 Accounts receivable 18,000 Prepaid expenses 7,000 Inventory 25,000 Long-term investments -0- Equipment 60,000 Accumulated depreciation equipment (18.000 Total assets $120,000 1 Liabilities and Stockholders' Equity $13,000 14,000 9,000 15,000 18,000 30,000 (14,000 585,000 Accounts payable Bonds payable Common stock Retained...
Prepare a forecasted statement of cash flows for 2017 using the indirect method. Assume the following:...
Prepare a forecasted statement of cash flows for 2017
using the indirect method. Assume the following:
• Operating expenses for 2017 (such as general and
administrative) include depreciation and amortization expense of
$522 million.
• The company did not dispose of or write-down any long-term
assets during the year.
• The company paid dividends of $159 million in 2017
P11-47. Statement of Cash Flows (Indirect Method) Following are the income statement and balance sheet for Whole Foods Market Inc., for...
Use the information in the provided Income Statement and Balance Sheet to create the 2017 Statement...
Use the information in the provided Income Statement and Balance
Sheet to create the 2017 Statement of Cash Flows and ratio
calculations for 2017.
Income Statement For the Years Ended December 31, 2017 and 2016 $ in millions 2016 2017 Revenue Net sales Cost of merchandise sold $27,528 37,043 20,807 16,236 16,099 11,429 Gross Profit Operating Expenses Selling, general and administrative Depreciation Amortization 5,757 1,223 124 4,449 5,985 2,499 124 7,752 Operating income Interest expense, net Gain/(Loss) on sale of...
Required: 1. Prepare a complete statement of cash flows using a spreadsheet. 2.Prepare a complete statement...
Required: 1. Prepare a complete statement of cash flows using a
spreadsheet.
2.Prepare a complete statement of cash flows; report its
operating activities according to the direct method.
Please show all the calculations work! Thank you for your
help!
FORTEN COMPANY Comparative Balance Sheets December 31, 2017 and 2016 2017 2016 Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Equipment Accum. depreciation-Equipment Total assets $ 64,900 $ 83,500 60,625 261,800 2,095 408,020 118,000 80,870 290,656 1,310 437,736 147,500...
Please show all work. 1. Statement of Cash Flows and Standardized Financial Statements a) Net income...
Please show all work. 1. Statement of Cash Flows and Standardized Financial Statements a) Net income for your firm was $10,000 last year. The depreciation expense was $2,500; accounts receivable increased $1,250; accounts payable increased $800; and inventories increased by $2,000. Identify the sources and uses of cash • What was the total cash flow from operations for the period? Operating activities = Net Income + Depreciation + Source (inflow) - Use foutflow) b) i) Prepare the 2018 common-size Income...
Following are a statement of cash flows (indirect method) for Harris, Inc., for the year ended...
Following are a statement of cash flows (indirect method) for
Harris, Inc., for the year ended December 31, 2017, and the firm’s
balance sheet at December 31, 2016:
HARRIS, INC.
Statement of Cash Flows
For the year Ended December 31, 2017
Cash Flows from Operating Activities:
Net income
$
13,600
Add (deduct) items not affecting cash:
Depreciation expense
32,000
Increase in accounts receivable
(7,000
)
Decrease in merchandise inventory
32,800
Increase in accounts payable
4,900
Net cash provided by operating...
Preparing a Statement of Cash Flows (Indirect Method) The following financial statements were issued by Hoskins...
Preparing a Statement of Cash Flows (Indirect Method) The following financial statements were issued by Hoskins Corporation for the fiscal year ended December 31, 2016. All amounts are in millions of U.S. dollars. Balance Sheets 2015 2016 $300 600 400 400 1,700 6,200 (2,100) 4,100 $5,800 $550 1,500 500 150 2,700 6,100 (1,750) 4,350 $7,050 Accounts Receiwable Prepaid Expenses Current Assets Property, Plant and Equipment at Cost Less Accumulated Depreciation Property, Plant and Equipment, Net Total Assets Liabilities and Shareholders...
a. Prepare a sources and uses statement for Whistler Corp. for fiscal year 2017. b. Prepare...
a. Prepare a sources and uses statement for Whistler Corp. for fiscal year 2017. b. Prepare a cash flow statement for Whistler Corp. for fiscal year 2017 WHISTLER CORP. BALANCE SHEET Cash Accounts receivable Inventories Total current assets Land Buildings Equipment Patents Less: Accumulated depreciation Total assets 2016 $47,500 0 49,000 96,500 15,800 103,600 63,200 5,200 10,800 273,500 2017 $76,700 43,100 36,500 156,300 15,800 164,600 65,500 5,200 12.200 395,200 48,000 0 48.000 100,100 148,100 25,900 10,700 36,600 134,000 170,600 Accounts...
Odessa Company uses the indirect method to prepare its statement of cash flows Please refer to...
Odessa Company uses the indirect method to prepare its statement of cash flows Please refer to the following information extracted from the comparative balance sheet for the company 2018 2017 Increasel(decrease) Accounts payable $35,000 $52,000 ($17,000) Accrued liabilities 18,000 10,000 $8,000 Long-term notes payable 168,000 180,000 ($12,000) Total liabilities $221,000 $242,000 ($21,000) Common stock Retained earnings Treasury stock Total equity 100.000 61,000 226,000 148,000 (18,500) (12,400) $307,500 $196,600 $39,000 $78,000 ($6,100) $110,900 $89,900 Total liabilities and equity $528,500 $438,600 Additional...
Create the 2018 statement of cash flows, and it should be
created on the appropriate tab of the Excel. Also finish the last
picture of the all totals and sub totals.
Income Statement For the Years Ended December 31, 2018 and 2017 $ in millions 2018 2017 Revenue $ Net sales Cost of merchandise sold Gross Profit 44,452 $ 24,969 19,483 37,043 20,807 16,236 Operating Expenses Selling, general and administrative Depreciation Amortization Operating income 7,182 2,550 45 9,706 5,985 2,499...
Using the following Balance Sheet and additional information, prepare a Statement of Cash Flows for Charlie Company for 2018 on the following page: (30 points): CHARLIE COMPANY Comparative Balance Sheet Dec 31, 2018 Dec 31, 2017 Assets Cash $ 28,000 Accounts receivable 18,000 Prepaid expenses 7,000 Inventory 25,000 Long-term investments -0- Equipment 60,000 Accumulated depreciation equipment (18.000 Total assets $120,000 1 Liabilities and Stockholders' Equity $13,000 14,000 9,000 15,000 18,000 30,000 (14,000 585,000 Accounts payable Bonds payable Common stock Retained...
Prepare a forecasted statement of cash flows for 2017
using the indirect method. Assume the following:
• Operating expenses for 2017 (such as general and
administrative) include depreciation and amortization expense of
$522 million.
• The company did not dispose of or write-down any long-term
assets during the year.
• The company paid dividends of $159 million in 2017
P11-47. Statement of Cash Flows (Indirect Method) Following are the income statement and balance sheet for Whole Foods Market Inc., for...
Use the information in the provided Income Statement and Balance
Sheet to create the 2017 Statement of Cash Flows and ratio
calculations for 2017.
Income Statement For the Years Ended December 31, 2017 and 2016 $ in millions 2016 2017 Revenue Net sales Cost of merchandise sold $27,528 37,043 20,807 16,236 16,099 11,429 Gross Profit Operating Expenses Selling, general and administrative Depreciation Amortization 5,757 1,223 124 4,449 5,985 2,499 124 7,752 Operating income Interest expense, net Gain/(Loss) on sale of...
Required: 1. Prepare a complete statement of cash flows using a
spreadsheet.
2.Prepare a complete statement of cash flows; report its
operating activities according to the direct method.
Please show all the calculations work! Thank you for your
help!
FORTEN COMPANY Comparative Balance Sheets December 31, 2017 and 2016 2017 2016 Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Equipment Accum. depreciation-Equipment Total assets $ 64,900 $ 83,500 60,625 261,800 2,095 408,020 118,000 80,870 290,656 1,310 437,736 147,500...
Please show all work. 1. Statement of Cash Flows and Standardized Financial Statements a) Net income for your firm was $10,000 last year. The depreciation expense was $2,500; accounts receivable increased $1,250; accounts payable increased $800; and inventories increased by $2,000. Identify the sources and uses of cash • What was the total cash flow from operations for the period? Operating activities = Net Income + Depreciation + Source (inflow) - Use foutflow) b) i) Prepare the 2018 common-size Income...
Following are a statement of cash flows (indirect method) for
Harris, Inc., for the year ended December 31, 2017, and the firm’s
balance sheet at December 31, 2016:
HARRIS, INC.
Statement of Cash Flows
For the year Ended December 31, 2017
Cash Flows from Operating Activities:
Net income
$
13,600
Add (deduct) items not affecting cash:
Depreciation expense
32,000
Increase in accounts receivable
(7,000
)
Decrease in merchandise inventory
32,800
Increase in accounts payable
4,900
Net cash provided by operating...
Preparing a Statement of Cash Flows (Indirect Method) The following financial statements were issued by Hoskins Corporation for the fiscal year ended December 31, 2016. All amounts are in millions of U.S. dollars. Balance Sheets 2015 2016 $300 600 400 400 1,700 6,200 (2,100) 4,100 $5,800 $550 1,500 500 150 2,700 6,100 (1,750) 4,350 $7,050 Accounts Receiwable Prepaid Expenses Current Assets Property, Plant and Equipment at Cost Less Accumulated Depreciation Property, Plant and Equipment, Net Total Assets Liabilities and Shareholders...
a. Prepare a sources and uses statement for Whistler Corp. for fiscal year 2017. b. Prepare a cash flow statement for Whistler Corp. for fiscal year 2017 WHISTLER CORP. BALANCE SHEET Cash Accounts receivable Inventories Total current assets Land Buildings Equipment Patents Less: Accumulated depreciation Total assets 2016 $47,500 0 49,000 96,500 15,800 103,600 63,200 5,200 10,800 273,500 2017 $76,700 43,100 36,500 156,300 15,800 164,600 65,500 5,200 12.200 395,200 48,000 0 48.000 100,100 148,100 25,900 10,700 36,600 134,000 170,600 Accounts...
Odessa Company uses the indirect method to prepare its statement of cash flows Please refer to the following information extracted from the comparative balance sheet for the company 2018 2017 Increasel(decrease) Accounts payable $35,000 $52,000 ($17,000) Accrued liabilities 18,000 10,000 $8,000 Long-term notes payable 168,000 180,000 ($12,000) Total liabilities $221,000 $242,000 ($21,000) Common stock Retained earnings Treasury stock Total equity 100.000 61,000 226,000 148,000 (18,500) (12,400) $307,500 $196,600 $39,000 $78,000 ($6,100) $110,900 $89,900 Total liabilities and equity $528,500 $438,600 Additional...
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