Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Use the information below to find the relevant cash flows for John & Sons Magic Store: Balance Sheet Cash Accounts receivable Inventory Current assets
Use the information below to find the relevant cash flows for John & Sons Magic Store: Balance Sheet Cash Accounts receivable Inventory Current assets Net fixed assets Total assets Income Statement Sales - Costs - Deprec. = EBIT - Interest EBT - Taxes = Net income 2021 1,050 3,150 3,150 7,350 13,650 21,000 2022 57,600 31,680 8,640 17,280 5,760 11,520 2,995 8,525 2022 1,200 Wages payable 3,600 3,600 8,400 15,600 24,000 Answer(s): Operating cash flow (OCF) for the most recent year: Change in net working capital (NWC): Net capital spending (NCS) for the most recent year: Cash flow from assets (CFFA) for the most recent year? Current liabilities Long-term debt Total liabilities Owner's Equity Total liab. & equity 2021 2022 3,150 3,600 3,150 3,600 5,700 7,200 8,850 11,550 20,400 10,800 13,200 24,000
Step by Step Solution
★★★★★
3.37 Rating (153 Votes )
There are 3 Steps involved in it
Step: 1
To calculate the relevant cash flows we can use the information provided in the balance sheet an...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started