Below are financial statements that have been reformulated using the templates in this chapter. Some items are
Question:
Below are financial statements that have been reformulated using the templates in this chapter. Some items are missing; they are indicated by capital letters.
Cash Flow Statement
Six Months Ending June 30, 2012
Cash flow from operations ...................................................................584
Cash investment ........................................................................................ 1
Free cash flow ............................................................................................ 1
Net dividends (dividends and share repurchases - share issues) ....... K
Payment to net debt holders ................................................................... L
Total financing flows ................................................................................ M
a. Supply the missing numbers using the accounting relations laid out in this chapter.
b. What were the total new operating accruals in the first half of 2012?
c. How much new net debt was issued during this period?
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...
Step by Step Answer:
Financial Statement Analysis and Security Valuation
ISBN: 978-0078025310
5th edition
Authors: Stephen Penman