2008 2009 Sales 7233 8085 Depreciation 1038 1085 Cost of goods sold 2487 2942 Ot
ID: 2671248 • Letter: 2
Question
2008 2009Sales 7233 8085
Depreciation 1038 1085
Cost of goods sold 2487 2942
Other expenses 591 515
Interest 485 579
Cash 3792 4041
Accounts receivable 5021 5892
Short term notes Payable 732 717
Long-term notes Payable 12700 15435
Net Fixed Asset 31805 33921
Accounts Payable 3984 4025
Inventory 8927 9555
Dividends 882 1011
Financial Statements: Draw up an income statement and balance sheet for this company for 2008 and 2009
Calculating cash flow: For 2009, calculate the cash flow from assets, cash flow to creditors and cash flow to stockholder
Explanation / Answer
The company 2009 operating cash flow
Earnings before interest and taxes 3543
+Depreciation 1085
-Taxes 1008
Operating cash flow 3620
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The 2009 net capital spending
Ending net fixed assets 33921
-Beginning net fixed assets 31805
+Depreciation 1085
Net capital spending 3201
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2009 Change in NWC
Ending NWC 14746
-Beginning NWC 13024
Chang in NWC 1722
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The company 2009 cash flow from assets
Operating cash flow 3620
-Net capital spending 3201
-Chang in NWC 1722
Cash flow from assets -1303
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The company 2009 cash flow to creditors
Interest paid 579
-Net new borrowing 2735
Cash flow to creditors -2156
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The company 2009 cash flow to stockholders
Dividends 1011
-Net new equity raised 158
Cash flow to stockholders 853
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