Below are the past two years of financials for Field of Dreams, LLC: INCOME STAT

Question

Below are the past two years of financials for Field of Dreams, LLC:

INCOME STATEMENT:

BALANCE SHEET AS OF 12/31/2013:

Total Liabilities and Shareholder Equity

$115,000.00

$134,945.00

a)What is the net cash provided from operating activities in 2013? (Refer to the Statement of Cash Flows)

b) What is the net cash used in investing activities in 2013? (Refer to the Statement of Cash Flows)

c)What is the net cash provided from financing activities in 2013? (Refer to the Statement of Cash Flows)

d) What is the net increase in cash and marketable securities for 2013? (Refer to the Statement of Cash Flows)

e) What is the final value for cash and marketable securities at the end of 2013?

2012 2013 Sales $100,000.00 $126,300.00 Cost of Goods Sold $60,000.00 $75,780.00 Gross Margin $40,000.00 $50,520.00 Depreciation $16,000.00 $19,200.00 Administrative Costs $9,000.00 $10,800.00 EBIT $15,000.00 $20,520.00 Interest $4,000.00 $4,000.00 Pre-tax income $11,000.00 $16,520.00 Taxes $4,400.00 $6,608.00 Net Income $6,600.00 $9,912.00 Dividends $0.00 $5,947.20 Addition to Retained Earnings $6,600.00 $3,964.80

Explanation / Answer

a)

b)

c)

d) Net increase in cash and marketable securities for 2013 = $1000 (27167-31200+5033)

e)  final value for cash and marketable securities at the end of 2013 = $6000

Cash flow from operating activities in 2013 Net income $9,912 Depreciation $19,200 Inventory -$3,000 Accounts receivables -$3,945 Accounts payables $5,000 Net cash provided by operating activities $27,167

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