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(solution) Hello, I need help to find answers from financial questions from


Hello,

I need help to find answers from financial  questions from 3 to 10 .  I would really appreciate your help.


Input area: 2014

 

Cost of goods sold

 

Cash

 

Depreciation

 

Interest expense

 

Selling & Administrative

 

Accounts payable

 

Net fixed assets

 

Sales

 

Accounts receivable

 

Notes payable

 

Long-term debt

 

Inventory

 

New equity $ 2015

 

196,619

 

28,372

 

55,506

 

12,067

 

38,668

 

20,143

 

244,881

 

385,724

 

20,104

 

22,855

 

123,607

 

38,706

 

- Tax rate

 

Dividend percentage $ 248,263

 

42,865

 

62,738

 

13,831

 

50,469

 

34,091

 

298,350

 

470,172

 

26,078

 

24,955

 

140,000

 

52,057

 

15,000 30%

 

35% Questions:

 

1. Complete Income Statement of 2014 & 2015

 

2. Complete Balance Sheet of 2014 & 2015

 

Output area: 2014 Income Statement

 

Sales

 

$

 

Cost of goods sold

 

Selling & Administrative

 

Depreciation

 

EBIT

 

$

 

Interest

 

EBT

 

$

 

Taxes

 

Net income

 

$

 

Dividends

 

$

 

Addition to retained earnings $ 385,724

 

196,619

 

38,668

 

55,506

 

94,931

 

12,067

 

82,864

 

24,859

 

58,005

 

20,301

 

20,301 <--- Sales - Total Op. Cost (COGS+SG&A+Depre.)--->

 

EBIT- Interest

 

30% tax

 

EBIT- taxes

 

35% dividend 2015 Income Statement

 

Sales

 

$

 

470,172

 

Cost of goods sold

 

248,263

 

Selling & Administrati

 

50,469

 

Depreciation

 

62,738

 

EBIT

 

$

 

108,702

 

Interest

 

13,831

 

EBT

 

$

 

94,871

 

Taxes

 

28,461

 

Net income

 

$

 

66,410

 

Dividends

 

$

 

23,243

 

Addition to retained e $

 

23,243 Balance sheet as of Dec. 31, 2014

 

Cash

 

Accounts receivable

 

Inventory

 

Current assets $ $ 28,372

 

20,104

 

38,706

 

87,182 Accounts payable $

 

Notes payable

 

Current liabilities $ Net fixed assets

 

Total assets $

 

$ 244,881

 

332,063 Cash

 

Accounts receivable

 

Inventory

 

Current assets $ $ 42,865

 

26,078

 

52,057

 

121,000 cash + Acc.Rec.+Inventory Net fixed assets

 

Total assets $

 

$ 298,350

 

419,350 Net fixed assets + current assets 20,143

 

22,855

 

42,998 Acc.paya.+Note.payable cash + Acc.Rec.+Inventory Net fixed assets + current assets Long-term debt $

 

Owners' equity

 

$

 

Total liab. & equity $ 123,607

 

165,458 Assets - Current Li.+ long-term debt.

 

332,063 Curren li.+ long term dbt.+ Owners Eq. Balance sheet as of Dec. 31, 2015

 

Accounts payable $

 

Notes payable

 

Current liabilities $

 

Long-term debt $

 

Owners' equity

 

$

 

Total liab. & equity $ 34,091

 

24,955

 

59,046 Acc.paya.+Note.payable

 

140,000

 

220,304 Assets - Current Li.+ long-term debt.

 

419,350 Curren li.+ long term dbt.+ Owners Eq. 3. Work out 2015 Cash From Operating Activities. Statement of Cash Flows - Operating

 

Net income

 

Adjustments

 

Depreciation

 

Chage in AR

 

Change in Inv

 

Change in AP

 

Change in Accruals $ 66,410 $

 

$

 

$

 

$ 62,738

 

(5,974)

 

(13,351)

 

13,948 Net Cash used by Operating Activities

 

4. Work out 2015 Cash From Investing Activities. Statement of Cash Flows - Investing

 

Cash used in FA

 

Change in S-T Investments

 

Net cash used by Investing Activities

 

5. Work out 2015 Cash From Financing Activities. Statement of Cash Flows - Financing

 

Change in Notes Payable

 

Change in LTD

 

New Equity Issuance

 

Payment of Cash Dividends

 

Net Cash provided by Financing Activties 6. How would you describe the company' cash flows for 2015? Write a brief discussion. 7. In light of your discussion in th eprevious quesiotn, do you think it is a good time for the company to expand business (i.e., buy more equipments/machines) at this time?

 


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