At the close of 20X3, the financial statements of Northern Manufacturing were as follows. In addition, Northern
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In addition, Northern paid dividends of $1.2M and sold new stock valued at $1.0M during 20X3. Use the CASHFLO program to produce Northern's statement of cash flows for 20X3.
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Northern Manufacturing Balance Sheet For the year ended 12/31X3 12/31X2 12/31/X3 ASSETS Cash 500 200 Northern Manufacturing Income Statement For the year ending 12/31X3 Accounts Receivable Inventory CURRENT ASSETS 6,250 7,300 6,470 COGS es 11,930S13,970 Gross Margin $11,054 Fixed Assets $7,500 $5,100 $17,030 S5,332 700 S5,022 1.180 $3,842 1.537 $2,305 Gross Accum. Deprec. Net S9,000 Expense .100) Depreciation S5,900 EBIT Interest TOTAL ASSETS $19,870 EBT Tax Net Income LIABILITIES Accounts Payable Accruals CURRENT LIABILITIES Long-term Debt Equity TOTAL CAPITAL TOTAL LIABILITIES AND EQUITY $1,860 850 2,710 $2,210 220 2,430 $11,320 12,335 .105 17,440 14,320 $17,030$%19,870
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