Fitch Inc.s financial statements are as follows: Fitch also sold stock for $2.5 million and paid dividends
Question:
Fitch Inc.’s financial statements are as follows:
Fitch also sold stock for $2.5 million and paid dividends of $3.1 million. No fixed assets were retired during the year. Construct Fitch’s statement of cash flows for20X1.
Financial StatementsFinancial 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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Fitch Inc. Balance Sheet For the period ended 12/31/1 Fitch Inc. Income Statement For the period ended 12/31/x1 (Sooo) Sales 12/31/XO 12/31/X1 COGS ASSETS S40,506 14,177 Cash Accounts receivable Inventory CURRENT ASSETS Fixed assets 2,165 2,647 Gross margin $26,329 4,832 3,217 2843 EBIT 5,614 Expense 19,487 6,842 180 S 6,662 2,265 4,397 $10,214 11,104 Interest EBT $35,183 $39,456 lax ross Net income Accumulated deprec. (22,640) (24,852) $12,543 $14,604 $22,757 $25,708 Net Total assets LIABILITIES Accounts payable Accruals CURRENT LIABILITIES Long-term debt Equity TOTAL CAPITAL TOTAL LIABILITIES AND EQUITY S 1,642 1,420 1,228 2,648 S 1,823 409 18,854 22,651 $20,677 $23,060 438 2,080 $22,757 $25,708
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First summarize the changes in working capital as follows FITCH INC Changes in Working Capi...View the full answer
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