Prepare a statement of cash flows for Stowe. STOWE ENTERPRISES Sales Cost af goods sold Depreciation Earnings
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Prepare a statement of cash flows for Stowe.
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STOWE ENTERPRISES Sales Cost af goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income 2015 Statement of Comprchensive Income $4,500 2,400 500 S1,600 480 S1,120 380 S 740 S 186 S 554 Net income Addition to retained earnings Dividends STOWE ENTERPRISES Abbreviated Statement of Financial Position, 2014-2015 Assets 2014 2015 Liabilitics and 2014 2015 sharcholders cquity Current liabilities Current assets Cash Accounts receivable Inventory Fixed assets Net plant and equipment s 8001,800 Accounts payable 1,950 3,135 1,550 1,630 1,629 1,380 625 3,487 3,780 2,040 Notes payable 2,300 Other 746 Long-term debt Shareholders equity 4,620 5,130 common shares 570 1,146 Accumulated retained earnings Total liabilitics and 2,523 2,709 Total assets $10,505 $11270 sharcholders' equity S10,505 S11,270
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Related Book For
Corporate Finance
ISBN: 978-0071339575
7th Canadian Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Ro
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