USE THE FOLLOWING DATA TO ANSWER QUESTIONS 35 – 40
Annual Income Statements |
||
2017 |
2018 |
|
Sales |
525,800 |
559,700 |
COGS |
???? |
149,600 |
Gross profit |
381,000 |
410,100 |
Oper. exp |
236,100 |
250,100 |
Depreciation |
15,000 |
16,160 |
Operating profit |
129,900 |
143,840 |
Interest exp. |
9,500 |
10,600 |
EBT |
120,400 |
133,240 |
Taxes |
34,910 |
42,880 |
Net Income |
85,490 |
90,360 |
Annual Balance Sheets |
||
2017 |
2018 |
|
Cash |
440,200 |
468,600 |
Accounts rec |
278,400 |
252,300 |
Inventories |
293,500 |
315,700 |
Current Assets |
1,012,100 |
1,036,600 |
Net fixed assets |
1,125,000 |
??? |
Land |
100,200 |
120,600 |
Total Assets |
2,237,300 |
2,357,400 |
Notes payable |
250,000 |
177,500 |
Accounts payable |
110,200 |
115,800 |
Accruals |
12,900 |
10,600 |
Current portion of long-term debt |
100,200 |
195,200 |
Current Liabilities |
473,300 |
499,100 |
Long-term debt |
1,000,000 |
900,000 |
Common stock @ ($0.25 par) |
25,000 |
30,300 |
Additional paid in capital |
500,000 |
610,200 |
Retained earnings |
239,000 |
317,800 |
Total Liabilities & Equity |
2,237,300 |
2,357,400 |
39. Cash flow from investing in 2018 was $__________.
40. Total dividends paid in 2017 was $________.
39)
Cash flow from investing = Capex = Change in net fixed assets + Depreciation
Net Fixed Assets in 2018 = Total Assets - ( CA + Land) = 2,357,400 -(1,036,600 + 120,600) = 1,200,200
Cash flow from investing = (1,200,200 - 1,125,000) + 16,160 = $ 91,360
40)
Total dividends paid in 2017 = Net Income in 2017 - Change in retained earnings = 85,490 - (317,800- 239,000) = $ 6,690
USE THE FOLLOWING DATA TO ANSWER QUESTIONS 35 – 40 Annual Income Statements 2017 2018 Sales...
USE THE FOLLOWING DATA TO ANSWER QUESTIONS 35-40 Annual Income Statements 2013 Sales 500,000 COGS ???? Gross profit 380,000 Oper. exp 225,000 Depreciation 15,000 Operating profit 140,000 Interest exp. 5,000 EBT 135,000 Taxes 50,000 Net Income 85,000 2014 560,000 149,350 410,650 250,100 15,000 145,550 5,000 140,550 56,000 84,550 2014 Cash Accounts rec Inventories Current Assets Net fixed assets Total Assets Annual Balance Sheets 2013 450,000 275,000 280.000 1,005,000 1.125.000 2,130,000 478,500 250,000 325,000 1,053,500 ??? 2,293,500 Notes payable Accounts payable...
Use the following information to answer the questions below: note: all sales are credit sales Income Stmt info: 2017 2018 less Cost of Goods Sold: Gross Profit Operating Expenses Earnings before Interest & Taxes Interest exp earnings before Taxes Taxes Sales 1,000,000 1,100,000 424,000 676,000 365,750 310,250 25,500 284,750 113,900 400,000 600,000 350,000 250,000 225,000 90,000 Net Income S 135,000 170,850 12/31/18 30,000 51,000 125,000 131,250 200,000 212,250 300,000 S315,000 500,000 527,250 12/31/17 Balance Sheet info: Cash Accounts Receivable Inventory...