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

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?

About this Question

Answered

Approved

Sep 13, 2020

Tutor

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