Following is selected financial information from Greenwood Industries, for its fiscal year ended $($$ millions$).$

REQUIRED

a$.$ ?Prepare an income statement, balance sheet, and statement of cash flows for Greenwood Industries.

 

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Following is selected financial information from Greenwood Industries, for its fiscal year ended ($ millions). Cash and cash equivalents, end of year Net cash from operations Net sales Stockholders' equity, end of year Cost of goods sold Net cash from financing Total liabilities, and of year Other expenses, including income taxes Noncash assets, end of year Net cash from investing Net income Effect of exchange rate changes on cash Cash and cash equivalents, beginning of year Net sales Cost of goods sold Gross profic Other expenses, including income taxes Net income Cash & cash equivalents Noncash assets Total assets REQUIRED a. Prepare an income statement, balance sheet, and statement of cash flows for Greenwood Industries. Note: Do not use negative signs with your answers in the Income Statement. Greenwood Industries Income Statement ($ millions) V V Y $2,516.7 5,514.3 26,439.9 $ 14,411.2 17,245.1 (2,9123) 31,798.9 5,878.7 $ 43,693.4 (729.3) 3,316.2 (31.1) 675.0 Note: Use negative signs with answers in the Statement of Cash Flows to indicate a reduction in cash/cash used. Greenwood Industries Statement of Cash Flows ($ millions) 26,439.9 17,245.1 9,194.8 5,878.7 3,316.1 Greenwood Industries Balance Sheet ($ millions) 25167 Total liabilities 43,693.4 Stockholders' equity 46,210.1 Total liabilities and equity 0x 0x 0x 0x 0* x 0x 9 31,798.9 14,411.2 46,210.1 Following is selected financial information from Greenwood Industries, for its fiscal year ended ($ millions). Cash and cash equivalents, end of year Net cash from operations Net sales Stockholders' equity, end of year Cost of goods sold Net cash from financing Total liabilities, and of year Other expenses, including income taxes Noncash assets, end of year Net cash from investing Net income Effect of exchange rate changes on cash Cash and cash equivalents, beginning of year Net sales Cost of goods sold Gross profic Other expenses, including income taxes Net income Cash & cash equivalents Noncash assets Total assets REQUIRED a. Prepare an income statement, balance sheet, and statement of cash flows for Greenwood Industries. Note: Do not use negative signs with your answers in the Income Statement. Greenwood Industries Income Statement ($ millions) V V Y $2,516.7 5,514.3 26,439.9 $ 14,411.2 17,245.1 (2,9123) 31,798.9 5,878.7 $ 43,693.4 (729.3) 3,316.2 (31.1) 675.0 Note: Use negative signs with answers in the Statement of Cash Flows to indicate a reduction in cash/cash used. Greenwood Industries Statement of Cash Flows ($ millions) 26,439.9 17,245.1 9,194.8 5,878.7 3,316.1 Greenwood Industries Balance Sheet ($ millions) 25167 Total liabilities 43,693.4 Stockholders' equity 46,210.1 Total liabilities and equity 0x 0x 0x 0x 0* x 0x 9 31,798.9 14,411.2 46,210.1

Answer rating: 100% (QA)

Based on the provided financial information here are the prepared financial statements for Greenwood ... View the full answer