Comparative balance sheet accounts of Marcus Inc. are presented below MARCUS INC

Question

Comparative balance sheet accounts of Marcus Inc. are presented below MARCUS INC. COMPARATIVE BALANCE SHEET ACCOUNTS AS OF DECEMBER 31, 2014 AND 2013 December 31 ebit Accounts Cash Accounts Receivable Inventory Investments (available-for-sale) Machinery Buildings Land 2014 2013 $34,040 59,940 24,330 38,750 19,030 55,750 7,660 $269,080 $239,500 $41,680 70,700 29,430 22,610 29,810 67,190 7,660 Credit Accounts Allowance for Doubtful Accounts Accumulated Depreciation-Machinery Accumulated Depreciation-Buildings Accounts Payable Accrued Payables Long-Term Notes Payable Common Stock, no-par Retained Earnings $1,170 1,940 8,970 24,260 2,791 31,290 124,100 44,979 $269,080 $239,500 $2,320 6,520 13,750 35,580 3,193 21,370 150,000 36,347

Explanation / Answer

Statement of Cash Flows for 2014 Note used to derive at figures Cash flows from operating activities $ Cash receipts from customersOpening Accounts Rec+Sales-Closing acc receivable (59940-1170)+536976-(70700-2320) Cash receipts from customers 527366 Purchases=COGS-Opening Inventory+Closing Inventory 379670-24330+29430 Cash paid to suppliers -373450 Purchases 384770 Cash paid towards expenses -110297 Cash paid to suppliers 24260+384770-35580 Operating expenses excluding depreciation+Opening Bal of accured liabilitites-Closing balance of accrued liabilities 120820-10121+2791-3193 Cash generated from operations 43619 Cash paid towards expense 120820-10121+2791-3193 Net cash from operating activities 43619

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