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Sources and Uses of Cash For each account on this

Sources and Uses of Cash For each account on this

Sources and Uses of Cash For each account on this company’s balance sheet show the change in the account during 2007 and note whether this change was a source or use of cash. Do your numbers add up and make sense? Explain your answer for total assets as compared to your answer for total liabilities and owners’ equity.

JUST DEW IT CORPORATION 2006 and 2007 Balance Sheets Liabilities and Owners' Equity Assets 2006 2007 2006 2007 Current a

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JUST DEW IT CORPORATION 2006 and 2007 Balance Sheets Liabilities and Owners' Equity Assets 2006 2007 2006 2007 Current assets Current liabilities $ 16,185 $ 78,159 $ 15,183 $ 59,309 Cash Accounts payable Accounts receivable 35,612 37,126 Notes payable 46,382 48,168 $107,477 $124,541 Inventory 62,182 64,853 Total $ 118,164 $ 112,977 $ 60,000 $ 75,000 Total Long-term debt Owners' equity Fixed assets $ 358,163 $ 327,156 Net plant and equipment Common stock and $ 90,000 $ 90,000 paid-in surplus Retained earnings 203,850 165,592 Total $255,592 $440,133 $293,850 $476,327 $ 440,133 $ 476,327 Total assets Total liabilities and owners' equity

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Fundamentals of Corporate Finance

8th Edition

Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D.Jordan

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