Calculate Tiger Bay Industrials free cash flow using both the operating and fina
ID: 2400801 • Letter: C
Question
Calculate Tiger Bay Industrials free cash flow using both the operating and financing perspective for 2017. Attached below are the financial and income statements
Tiger Bay Industrial Financial Statements 2017 2016 Balance Sheet Cash Short tem investments AccountsReeivable Inventories 8,285.00 22,000.00 633,280.00 1,608,135.00 $1,287,380.00 12,500.00 $ 31,000.00 $ 691,260.00 $ Total Current Assets Equipment, machinery etc. Buildings etc. less: allowance for depreciation Net fixed Assets 440,000.00 $ 700,000.00 $ 383,160.00 $ 440,000.00 700,000.00 263,180.00 Total Assets Accounts Payable Notes Payable accruals 354,000.00 $ 648,000.00 $ 380,000.00 $ 325,100.00 672,000.00 282,010.00 Total Current liabilities Long-term debt Common Stock Retained Eamings 1,103,000.00 1,000,000.00 450,000.00 98,635.00 548,635.00 440,000.00 $ 194,735.00 $ 634,735.00 $ Total common equity Total Liabilities and Equity 827.7Explanation / Answer
Cash Flows for Tiger bay Industrial
FY 2017
Particulars
$
A. From Operating Percpective
Earning Before Taxes
243500.00
Add: Depreciation
100000.00
Add: Interest
182500.00
Cashflows from operating activities before working capital changes- Total (a)
526000.00
Working Capital Changes
Changes in Current Liabilities
Accounts Payable
28900.00
Notes Payable
(24000.00)
Accruals
97990.00
Changes in Current Assets
Short Term Investments
(9000.00)
Account Receivable
(58000.00)
Inventory
(320775.00)
Total (b)
(284885.00)
Cash Flows From Operating Percpective
Total (a+b)
241115.00
B. From Financing Percpective
Raising of Long Term Debt
103000.00
Redemption of common Stock
(10000.00)
Cash Flows From Financing Percpective
93000.00
Cash Flows for Tiger bay Industrial
FY 2017
Particulars
$
A. From Operating Percpective
Earning Before Taxes
243500.00
Add: Depreciation
100000.00
Add: Interest
182500.00
Cashflows from operating activities before working capital changes- Total (a)
526000.00
Working Capital Changes
Changes in Current Liabilities
Accounts Payable
28900.00
Notes Payable
(24000.00)
Accruals
97990.00
Changes in Current Assets
Short Term Investments
(9000.00)
Account Receivable
(58000.00)
Inventory
(320775.00)
Total (b)
(284885.00)
Cash Flows From Operating Percpective
Total (a+b)
241115.00
B. From Financing Percpective
Raising of Long Term Debt
103000.00
Redemption of common Stock
(10000.00)
Cash Flows From Financing Percpective
93000.00
Cash Flows for Tiger bay Industrial
FY 2017
Particulars
$
A. From Operating Percpective
Earning Before Taxes
243500.00
Add: Depreciation
100000.00
Add: Interest
182500.00
Cashflows from operating activities before working capital changes- Total (a)
526000.00
Working Capital Changes
Changes in Current Liabilities
Accounts Payable
28900.00
Notes Payable
(24000.00)
Accruals
97990.00
Changes in Current Assets
Short Term Investments
(9000.00)
Account Receivable
(58000.00)
Inventory
(320775.00)
Total (b)
(284885.00)
Cash Flows From Operating Percpective
Total (a+b)
241115.00
B. From Financing Percpective
Raising of Long Term Debt
103000.00
Redemption of common Stock
(10000.00)
Cash Flows From Financing Percpective
93000.00
Cash Flows for Tiger bay Industrial
FY 2017
Particulars
$
A. From Operating Percpective
Earning Before Taxes
243500.00
Add: Depreciation
100000.00
Add: Interest
182500.00
Cashflows from operating activities before working capital changes- Total (a)
526000.00
Working Capital Changes
Changes in Current Liabilities
Accounts Payable
28900.00
Notes Payable
(24000.00)
Accruals
97990.00
Changes in Current Assets
Short Term Investments
(9000.00)
Account Receivable
(58000.00)
Inventory
(320775.00)
Total (b)
(284885.00)
Cash Flows From Operating Percpective
Total (a+b)
241115.00
B. From Financing Percpective
Raising of Long Term Debt
103000.00
Redemption of common Stock
(10000.00)
Cash Flows From Financing Percpective
93000.00
Cash Flows for Tiger bay Industrial
FY 2017
Particulars
$
A. From Operating Percpective
Earning Before Taxes
243500.00
Add: Depreciation
100000.00
Add: Interest
182500.00
Cashflows from operating activities before working capital changes- Total (a)
526000.00
Working Capital Changes
Changes in Current Liabilities
Accounts Payable
28900.00
Notes Payable
(24000.00)
Accruals
97990.00
Changes in Current Assets
Short Term Investments
(9000.00)
Account Receivable
(58000.00)
Inventory
(320775.00)
Total (b)
(284885.00)
Cash Flows From Operating Percpective
Total (a+b)
241115.00
B. From Financing Percpective
Raising of Long Term Debt
103000.00
Redemption of common Stock
(10000.00)
Cash Flows From Financing Percpective
93000.00
Cash Flows for Tiger bay Industrial
FY 2017
Particulars
$
A. From Operating Percpective
Earning Before Taxes
243500.00
Add: Depreciation
100000.00
Add: Interest
182500.00
Cashflows from operating activities before working capital changes- Total (a)
526000.00
Working Capital Changes
Changes in Current Liabilities
Accounts Payable
28900.00
Notes Payable
(24000.00)
Accruals
97990.00
Changes in Current Assets
Short Term Investments
(9000.00)
Account Receivable
(58000.00)
Inventory
(320775.00)
Total (b)
(284885.00)
Cash Flows From Operating Percpective
Total (a+b)
241115.00
B. From Financing Percpective
Raising of Long Term Debt
103000.00
Redemption of common Stock
(10000.00)
Cash Flows From Financing Percpective
93000.00
Cash Flows for Tiger bay Industrial
FY 2017
Particulars
$
A. From Operating Percpective
Earning Before Taxes
243500.00
Add: Depreciation
100000.00
Add: Interest
182500.00
Cashflows from operating activities before working capital changes- Total (a)
526000.00
Working Capital Changes
Changes in Current Liabilities
Accounts Payable
28900.00
Notes Payable
(24000.00)
Accruals
97990.00
Changes in Current Assets
Short Term Investments
(9000.00)
Account Receivable
(58000.00)
Inventory
(320775.00)
Total (b)
(284885.00)
Cash Flows From Operating Percpective
Total (a+b)
241115.00
B. From Financing Percpective
Raising of Long Term Debt
103000.00
Redemption of common Stock
(10000.00)
Cash Flows From Financing Percpective
93000.00
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