THIS HOMEWORK SET CONSISTS OF 3 PROBLEMS ON 2 PAGES Homework Set 1: Financial St

Question

THIS HOMEWORK SET CONSISTS OF 3 PROBLEMS ON 2 PAGES Homework Set 1: Financial Statement Analysis Name Problem 1: Sources and Uses of Cash Pioneer Inc. Balance Sheet as of December 31, Source or Use 2013 2012 Assets: Cash and Mkt. Securities Receivables Inventories $ 700 S 500 300 400 S 1,400 S 1,200 950 2,4002,150 250 450 Total current assets Net property and equipment 1,000 Total assets Payables Short-term debt Other current liabilities $ 200 S 400 250 200 S 850 900 300 400 $ 900 800 Total current liabilities Long-term debt Total liabilities Common stock Retained earnings S 1,700 1.750 300 100 S 400 500 200 Total shareholders' equity Total liabilities and sh. equity_S 2,400 S S 2,150

Explanation / Answer

Problem 1: Source and uses of cash

Pioneer Inc: Balance sheet as of December 31,-------

Amount

2013

Amount

2012

Particulars

Amount

2013

Amount

2012

Source or use Assets Cash and market securities 700 500 Source (Increase in cash) Receivables 250 300 use(Deccrease in cash) Inventories 450 400 Source(Increase in cash) Total current asstes 1400 1200 Source (Increase in cash) Net property and Equipment 1000 950 Source(Increase in cash) Total asstes 2400 2150 Source (Increase in cash) Liabilities: Payables 200 400 Use(Decrease in cash) Short term debt. 300 250 Source(Increaase in cash) Other current liabilities 400 200 Source(Increaase in cash) Total current liabilities 900 850 Source(Increaase in cash) Long term debt. 800 900 Use(Decrease in cash) Total liabilities 1700 1750 Use(Decrease in cash) Common stock 500 300 Source(Increaase in cash) Retained Earrings 200 100 Source(Increaase in cash) Total shoeholders equity 700 400 Source(Increaase in cash) Total liabilities and sh. equity 2400 2150 Source(Increaase in cash)

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