Calculate the following calculations will be based on the income statement and the balance sheet provided the
Question:
Calculate the following calculations will be based on the income statement and the balance sheet provided the net cash flow from operating activities the net cash flow from investing activities the net cash flow from financing activities
Income Statement for the year ended 12/31/2011 | |
| Amount in Dollars |
Sales | 2,000,000.00 |
Cost of Goods Sold | 1,500,000.00 |
Gross Profit | 500,000.00 |
Selling and Administrative Expenses | 270,000.00 |
Depreciation Expense | 50,000.00 |
Operating Profit (EBIT) | 180,000.00 |
Interest Expense | 20,000.00 |
Earnings Before Taxes | 160,000.00 |
Taxes | 49,500.00 |
Net Income | 110,500.00 |
Notes: |
|
Dividends Paid to Preferred Stockholders | 10,500.00 |
Cash Dividend to Common Stockholders | 50,000.00 |
Corporate Financial Accounting
ISBN: 978-1133952411
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac