Life Time Fitness, Inc. , reported the following information for the nine-month period ended September 30, 2010.
Question:
Life Time Fitness, Inc. , reported the following information for the nine-month period ended
September 30, 2010. Items are listed alphabetically, and are in thousands of dollars.
Other cash flow information:
Cash received from issuing common stock.................... $ 3,660
Cash paid to purchase equipment.............................. 101,088
Cash paid to suppliers and employees......................... 541,597
Repayments of borrowings....................................... 38,067
Cash received from customers...................................687,744
Cash received from borrowings.................................. 13,939
Cash received from sale of long-term assets..................... 2,629
Dividends paid to stockholders......................................... 0
Prepare the four basic financial statements for the nine months ended September 30, 2010.
a. Income statement
b. Statement of retained earnings
c. Balance sheet
d. Statement of cash flows
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:
Fundamentals of Financial Accounting
ISBN: 978-0078025372
4th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby