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($ m) 200X Stryker, Dec 31 ($ m) Assets Cash Marketable securities AR Inventories Other current $1,395 2,890 1,430 1,265 1,168 $8,148 $1,339 2,641 1,518 1,422 1,415 24 Total CA $8,335 $2,232 1,284 $948 $2,497 1,416 $1,081 Gross PPE less Accumulated dep Net PPE Goodwill & intangible, net Other long term Total Assets 3,566 ,8332,26? 494 $13,206 $15,743 544 Liabilities & SH Equity Accounts payable Taxes payable ST portion of LT debt Accrued compensation Accrued expenses $288 70 16 467 1,035 $1,876 $314 131 25 535 1,652 $2.657 Total CL LT Debt other LT liabilities $1,746 987 $4,609 $2,739 1,300 Total iabilities $6,696 Common Stock Additional paid-in capital Retained earnings $38 1,098 7,461 $8,597 $38 1,160 7,849 $9,047 Total SH Equity Total Liab. &SH Equity $13,206 $15,743
Stryker, 200Y (m) $9,021 2,762 $6,259 Net Sales COGS Gross Profit Selling, gen. & admin expenses R&D expenses Dep. & Amort $4,077 536 307 $4,920 Total operating expenses Operating Income (EBIT) Interest expense $1,339 $83 $127 other nonoperating expenses Total nonoperating exp Income before taxes Taxes Net Income $1,212 206 $1,006 Use Excel to complete the following:- Prepare a Sources & Uses statement for Stryker for the year 200Y. Prepare a Statement of Cash Flows for Stryker for the year 200Y. 1. 2. 3. Calculate the FreeCash ow for Stryher for the year 200Y. Comment of any figures that you consider to be significant or unusual in any of the statements or calculations above. 4.
Please answer all the questions and show the formulas please.
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Answer 1 Sources of Cash: Decrease in cash and securities Decrease in long term assets Increase in accounts payable Increase in taxes payable Increase in current portion long-term debt Increase in long term debt Increase in other long term liabilities Increase in accrued compensation Increase in accrued expense Increase in paid in capital Increase in retained earnings Total 305 50 26 61 9 993 313 68 617 62 388 2,892 debt in long term debt Bill Uses of Cash: Increase in accounts receivable Increase in inventories- Increase in other current assets Increase in net fixed asset Increase in net intangible asset Total 157 247 133 2,267 2,892

Answer 2 Statement of cash Flow Cash Flows from Operating Activities Amount Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities 1,006 Depreciation Expense Increase in accounts payable Increase in taxes payable Increase in accrued compensation Increase in accrued expense Increase in accounts receivable Increase in inventories- Increase in other current assets Decrease in marketable securities 307 26 61 68 617 (88) (157) (247) 249 Cash generated from operations 836 1,842 Net Cash Provided by Operating Activities Cash Flows from Investing Activities Cash payment for acquisition of equipment Cash payment for acquisition of Intangible assets (265) (2,442) 50 Decrease in long term assets Net Cash provided by (used in) Investing Activities (2,657) Cash Flows from Financing Activities Increase in paid in capital Increase in current portion long-term debt Increase in long term debt Increase in other long term liabilities 62 9 993 313 (618) Cash payment of Dividends Purchase of treasury Stock Net Cash provided by (used in) Financing Activities Net Increase/Decrease in Cash and Cash Equivalents Cash and Cash Equivalents-Opening Cash and Cash Equivalents-Ending 759 (56) 1,395 1,339

Working Notes Beginning Retained Earnin Add: Net Income Less: Dividend Ending Balance 7,461 1,006 618 7,849 Depreciation & Amortisation Expense Depreciation expense: Movement in Accumulated depreciation Amortisation expense Movement in Goodwill & Intangibles net Addition to Intangibles 307 A 132 B 175 |C=A-B 2,267 D 2,442 E-C+D Answer 3 Year Free cash flow Net Cash Provided by Operating Activities Less: Capital expenditure Free cash flow before dividend 200Y 1,842 2,657 815 Answer 4 A company with negative free cash flow indicates an inability to generate enough cash to support the business. Free cash flow tracks the cash a company has left over after meeting its operating expenses and capital expenditure It is important to note that negative free cash flow is not bad in itself; on the face of it. If free cash flow is negative, it could be a sign that a company is making large investments. If these investments earn a high return, the strategy has the potential to pay off in the long rurn

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