Use the balance sheet and following income statement to construct a statement of cash flows for Valiums
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Use the balance sheet and following income statement to construct a statement of cash flows for Valium’s Medical SupplyCorporation.
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Valium's Medical Supply Corporation Balance Sheet as of December 31, 2015 and 2014 (in thousands of dollars) 2015 2014 2015 2014 Liabilities & Equity Currentliabilities Current assets Cash and marketable Accrued wages and $ 74 S 73 Accounts receivable 99 189 Accounts payable $ 58 $ 45 159 145 131 131 $ 348·321 securities taxes Invento 322 291 Notes payable S 595 S 553 0 Fixed assets Gross plant and Long-term debt: S 565 S549 $1,084 S 886 Stockholders equity: equipmen Less: Depreciation Net plant and 153 116 Preferred stock (6 thousand shares) S 6 S 6 120 617 457 Common stock and $ 931 S 770 paid-in surplus (100 thousand shares) equipmen 120 Other long-term 130 130 Retained eamings $1.061 $ 900 Total assets 0 743 $ 583 al assets S1656 S1453 Toal liabilities and equity 1.656 S1453 Valium's Medical Supply Corporation Income Statement for Years Ending December 31, 2015 and 2014 thousands of dollars Net sales Less: Cost of goods sold Gross profits Less: Other operating expenses Eamings before interest, taxes, depreciation, and 2015 $ 888 387 501 2014 798 350 $ 448 42 amortization (EBITDA) Less: Depreciation and amortization Eamings before interest and taxes (EBIT) Less: Interest Eamings before taxes (EBT) Less: Taxes Net income Less: Preferred stock dividends Net income available to common stockholders Less: Common stock dividends Addition to retained earmings Per (common) share data $ 453 S370 $ 241 $235 160 $ 406 $ 371 S 331 S 219 213 S138 129 $2.35 Eamings per share (EPS) Dividends per share (DPS) Book valueper share (BVPS) Market value (price) per share (MVPS) $7.37 $6.25
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Related Book For
Finance Applications and Theory
ISBN: 978-0077861681
3rd edition
Authors: Marcia Cornett, Troy Adair
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