1. For the following income statement and balance sheet, fill in the missing information for the...
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1. For the following income statement and balance sheet, fill in the missing information for the calendar year ending December 31. Cash Other Current Assets Total Current Assets Total Fixed Assets (Net) Total Assets Total Current Liabilities Total Long Term Liabilities Total Liabilities CS & Capital in excess of par Retained Earnings Total Stockholders' Equity Total Liabilities & Equity Sales COGS Gross Profit Administrative Expenses Depreciation EBIT Interest Expense EBT Taxes Net Income 25% 1-Jan 31,000 469,000 500,000 250,000 750,000 300,000 100,000 400,000 200,000 150,000 350,000 750,000 600,000 120,000 50,000 50,000 45,000 31-Dec 65,000 60,000 590,000 650,000 280,000 430,000 200,000 Dividends 2. Prepare a cash flow reconciliation statement. 3. Prepare a cash flow statement based on the above information. 1. For the following income statement and balance sheet, fill in the missing information for the calendar year ending December 31. Cash Other Current Assets Total Current Assets Total Fixed Assets (Net) Total Assets Total Current Liabilities Total Long Term Liabilities Total Liabilities CS & Capital in excess of par Retained Earnings Total Stockholders' Equity Total Liabilities & Equity Sales COGS Gross Profit Administrative Expenses Depreciation EBIT Interest Expense EBT Taxes Net Income 25% 1-Jan 31,000 469,000 500,000 250,000 750,000 300,000 100,000 400,000 200,000 150,000 350,000 750,000 600,000 120,000 50,000 50,000 45,000 31-Dec 65,000 60,000 590,000 650,000 280,000 430,000 200,000 Dividends 2. Prepare a cash flow reconciliation statement. 3. Prepare a cash flow statement based on the above information.
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Answer rating: 100% (QA)
To fill in the missing information for the calendar year ending December 31 we need to reconcile the beginning and ending cash balances on the balance sheet using the cash flow statement Here are the ... View the full answer
Related Book For
Foundations of Finance The Logic and Practice of Financial Management
ISBN: 978-0132994873
8th edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
Posted Date:
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