acc/291 13-9, 14-9

Project Description:

e13-9

muldur corporation's comparative balance sheets are presented below.

muldur corporation
comparative balance sheets
december 31
2011 2010
cash $ 15,200 $ 17,700
accounts receivable 25,200 22,300
investments 20,000 16,000
equipment 60,000 70,000
accumulated depreciation (14,000) (10,000)
total $106,400 $116,000

accounts payable $ 14,600 $ 11,100
bonds payable 10,000 30,000
common stock 50,000 45,000
retained earnings 31,800 29,900
total $106,400 $116,000
additional information:
1. net income was $18,300. dividends declared and paid were $16,400.
2. equipment which cost $10,000 and had accumulated depreciation of $1,200 was sold for $3,300.
3. all other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation.





prepare a statement of cash flows for 2011 using the indirect method. (list amounts from largest positive to smallest positive followed by most negative to least negative, e.g. 15, 14, 10, -17, -5, -1. if amount decreases cash flow, use either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
muldur corporation
statement of cash flows
for the year ended december 31, 2011
cash flows from operating activities

$

adjustments to reconcile net income
to net cash provided by operating activities

$











net cash by operating activities


cash flows from investing activities






net cash by investing activities


cash flows from financing activities









net cash by financing activities


net in cash


cash at beginning of period

cash at end of period $







compute free cash flow.
$













e14-9

the income statement for christensen, inc., appears below.
christensen, inc.
income statement
for the year ended december 31, 2011
sales $400,000
cost of goods sold 230,000
gross profit 170,000
expenses (including $16,000 interest and $24,000 income taxes) 105,000
net income $65,000
additional information:
1. the weighted average common shares outstanding in 2011 were 30,000 shares.
2. the market price of christensen, inc. stock was $13 in 2011.
3. cash dividends of $26,000 were paid, $5,000 of which were to preferred stockholders.
compute the following ratios for 2011. (round earning per share to 2 decimal places, e.g. 10.50. round other answers to 1 decimal place, e.g. 10.5.)
(a) earnings per share $

(b) price-earnings times

(c) payout %

(d) times interest earned times
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