What is this company\'s cash flow for the current year? Income Statement ($000s)
ID: 2406547 • Letter: W
Question
What is this company's cash flow for the current year?
Income Statement ($000s) Balance Sheet ($000s)
2017 2016 2017 2016
Revenues $ 200 $175 Cash $ 10 $150
Cost of Goods Sold 110 100 Accounts Receivable 30 40
Operating Expenses 30 28 Inventory 20 40
Interest Expense 20 12 Plant, Property, Equipment 180 200
Net Income 40 35 Total Assets $ 240 $430
Dividends 20 20 Accounts Payable $ 15 $ 25
Bank Debt Due in 6 Months 15 50
Long term Debt 80 245
Common Stock 60 60
Retained Earnings 70 50
Total Liabilities & Equity $ 240 $430
The company has 1,000,000 shares of common stock authorized, 500,000 shares issued, and 200,000 outstanding as of both 12/31/2017 and 12/31/2016.
Explanation / Answer
Cash flow Statement Cashflows from operating activities Net income for the year 40 Adjustment for reconciliation Depreciation 20 Decrease in Accounts receivable 10 Decrease in Inventory 20 Decrease n Accounts payable -10 Decrease in Bank debts -35 Net cash genenrated from operating activities 45 Cash flows from Investing activities 0 Cash flows from Financing Activities: Repayment of long term debts -165 Dividend paid -20 Net cash used in financing activities -185 Net cash decrease -140 Beginning balance of cash 150 Ending balance of cash 10
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.