Question: Based on your answers to problem 11, construct a first-quarter 2022 cash flow forecast for Westmark Industrial. Data from Problem 11 Westmark Industrials annual income

Based on your answers to problem 11, construct a first-quarter 2022 cash flow forecast for Westmark Industrial.

Data from Problem 11

Westmark Industrial’s annual income statement and balance sheet for December 31, 2021, are shown next. Additional information about the company’s accounting methods and the treasurer’s expectations for the first quarter of 2022 appear in the footnotes.

Net sales Income Statement January 1, 2021 to December 31, 2021 ($ thousands) Cost of goods sold Gross Assets Cash Accounts receivable Inventory Balance Sheet December 31, 2021 ($ thousands) Total current assets

Net sales Income Statement January 1, 2021 to December 31, 2021 ($ thousands) Cost of goods sold Gross profits Selling and administrative expenses Interest expense Depreciation Net profit before tax Tax (33%) Net profit after tax $6,000 3,900 2,100 1,620 90 90 300 99 $ 201

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