From the following Balance sheet and Income Statement of Himgiri Ltd., complete the Cash flow statement for
Question:
From the following Balance sheet and Income Statement of Himgiri Ltd., complete the Cash flow statement for the accounting year 2020.
Balance sheet | Income Statement for 2020 | ||||
Particulars | 2019 (₹) | 2020 (₹) | Particulars | Amt (₹) | |
Common Stock | 50,000 | 1,50,000 | Sales | 1,00,000 | |
Retained Earnings | 1,00,000 | 1,20,000 | COGS | 15,000 | |
loan @10% interest p.a. | 81530 | 81530 | Salary | 15,000 | |
Accounts Payables | 20,000 | 30,000 | Rent | 12,000 | |
Salary Payable | 0 | 10,000 | Interest | 8153 | |
TOTAL | 251530 | 391530 | Depreciation | 11530 | |
Cash | 41530 | 71530 | Tax | 13,500 | |
Accounts Receivables | 70,000 | 80,000 | PAT/Net Income | ?? | |
Inventory | 40,000 | 50,000 | |||
Net Fixed Assets | 1,00,000 | 1,90,000 | |||
TOTAL | 251530 | 391530 | |||
Q1 | What is the Net Income of Himgiri Ltd for the year 2020? |
Q2 | In arriving at ‘Cash Flow from Operating Activities’ using Indirect Method, what amount of non-cash expense(s) are to be added back to the Net Income? |
Q3 | In arriving at ‘Cash Flow from Operating Activities’ using Indirect Method, what amount of non-operating expense(s) are to be added back to the Net Income? |
Q4 | What is the Cash flow from operating activities of Himgiri Ltd for the year 2020? |
Q5 | What is Cash flow from investing activities of Himgiri Ltd for the year 2020? |
Q6 | What is the Interest paid by Himgiri Ltd during the year 2020? |
Q7 | What is the Dividend paid by Himgiri Ltd during the year 2020? |
Q8 | What is the Cash flow from financing activities of Himgiri Ltd for the year 2020? |
Q9 | Analyze the year 2020 Cash Flow Statement of Himgiri Ltd. At what stage of business life cycle is Himgiri Ltd. Support your answer with suitable arguments. |
Expert Answer:
Ans1 Sales 100000 Less COGS 15000 Salary 15000 Rent 12000 Interest 8153 Depreciation 11530 Tax 13500 ... View the full answer
