Balance sheet as below of Halfax super computer Halifax Super Computers Inc. Balance Sheet ($ millions) Halifax

  Balance sheet as below of Halfax super computer 

 

  

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Halifax Super Computers Inc. Balance Sheet ($ millions) Halifax Super Computers Inc. Income Statement ($ millions) ASSETS 2020 2019 2020 Current Assets Sales Revenues 6,000.0 2019 5,700.0 Cash 20 30 Cost of Goods Sold 3,600.0 3,534.0 Short-term Investments 120 Contribution Margin 2,400.0 2,166.0 Cert. of Deposit 10 Operating Expenses Accounts Receivable 750 630 Salaries 500.0 475.0 Inventory 1,230 830 Wages 625.0 593.8 Total Current Assets 2,000 1,620 General/Admin 507.4 391.2 Net Plant & Equipment 2,000 1,740 Amortization TOTALASSETS 4,000 3,360 Depreciation 200.0 180.0 LIABILMES and SHAREHOLDERS' EQUITY Interest 176.0 120.0 Current Liabilities Earnings B4 Taxes 391.6 406.0 Accounts Payable 120 60 Taxes 156.6 162.4 Notes Payable 220 120 Earnings After tax 235.0 243.6 Taxes Payable 20 25 Preferred Dividends 1.0 1.0 Accrued Expenses 260 235 Net Earnings Total Current Liabilities 620 440 Appliable to Commo 234.0 242.6 Long Term Debt First Mortgage Bonds 1,000 872 Shares o/s 100 million Debenture Bonds 508 288 Total Liabilities 1,508 1,160 Equity Preferred Shares 10 10 Common Shares 340 340 Retained Earnings 1,522 1,410 Total Equity 1,872 1,760 TOTAL LIABILITIES AND EQUITY 4,000 3,360 Halifax Super Computers Inc. Balance Sheet ($ millions) Halifax Super Computers Inc. Income Statement ($ millions) ASSETS 2020 2019 2020 Current Assets Sales Revenues 6,000.0 2019 5,700.0 Cash 20 30 Cost of Goods Sold 3,600.0 3,534.0 Short-term Investments 120 Contribution Margin 2,400.0 2,166.0 Cert. of Deposit 10 Operating Expenses Accounts Receivable 750 630 Salaries 500.0 475.0 Inventory 1,230 830 Wages 625.0 593.8 Total Current Assets 2,000 1,620 General/Admin 507.4 391.2 Net Plant & Equipment 2,000 1,740 Amortization TOTALASSETS 4,000 3,360 Depreciation 200.0 180.0 LIABILMES and SHAREHOLDERS' EQUITY Interest 176.0 120.0 Current Liabilities Earnings B4 Taxes 391.6 406.0 Accounts Payable 120 60 Taxes 156.6 162.4 Notes Payable 220 120 Earnings After tax 235.0 243.6 Taxes Payable 20 25 Preferred Dividends 1.0 1.0 Accrued Expenses 260 235 Net Earnings Total Current Liabilities 620 440 Appliable to Commo 234.0 242.6 Long Term Debt First Mortgage Bonds 1,000 872 Shares o/s 100 million Debenture Bonds 508 288 Total Liabilities 1,508 1,160 Equity Preferred Shares 10 10 Common Shares 340 340 Retained Earnings 1,522 1,410 Total Equity 1,872 1,760 TOTAL LIABILITIES AND EQUITY 4,000 3,360

Answer rating: 100% (QA)

To complete the 2020 Cash Flow Statement for Halifax Super Computers we need to calculate the net cash flow from operating activities investing activi... View the full answer