1. Prepare a balance sheet for 2021 and 2022 for the company, clearly showing information below about...
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Question:
- 1. Prepare a balance sheet for 2021 and 2022 for the company, clearly showing information below about each line item.
- 2. Prepare an income statement for 2021 and 2022 for the company.
- 3. For the year ending 2022, determine the Net New Equity, Change in Net Working Capital, Net Capital Spendingand Operating Cash flow.
- 4. Calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders for 2022.
- 5. Calculate the Dividends per Share and Earnings per Share for each year for Brown Company.
- 6. Briefly comment on the company’s cash flows for 2022 in light of an expansion plan which will be financed by both debt and equity.
- The tax rate is 32%
Life-Positive’s Account Balances | 2021 ($) | 2022 ($) |
Accounts Payable | 24,600.00 | 21,250.00 |
Accounts receivable | 15,700.00 | 12,340.00 |
Cash | 23,450.00 | 28,600.00 |
Cost of goods sold | 19,700.00 | 23,000.00 |
Depreciation | 3,090.00 | 4,590.00 |
Dividends | 5,800.00 | 10,800.00 |
Interest | 2,340.00 | 2,890.00 |
Inventory | 7,050.00 | 8,640.00 |
Long-term debt | 28,000.00 | 30,000.00 |
Net fixed assets | 41,500.00 | 48,000.00 |
Other expenses | 2,400.00 | 2,800.00 |
Sales | 58,000.00 | 62,500.00 |
Short-term Notes Payable | 2,890.00 | 2,340.00 |
Shares outstanding | 85,000.00 | 90,000.00 |
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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