Question: Based on the balance sheet and income statement information please calculate cash flow statement using the direct method Balance Sheet - Current Year Balance-Prior Year
Based on the balance sheet and income statement information please calculate cash flow statement using the direct method
Balance Sheet - Current Year Balance-Prior Year Balance
Cash - 12 - 134
Accts Rec - 166 - 200
Inventory - 66 - 71
Other Assets - 1 - 1
PP&E - 900 - 1022
Total Assets - 1145 - 1428
Accounts Pay - 85 - 99
Accrued Liabilities - 23 - 0
Long Term Debt - 770 - 1000
Owners Equity - 257 - (257)
Current Year Net Income - 10 - 586
Total Liabilities and Equity - 1145 - 1428
INCOME STATEMENT INFORMATION - CURRENT YEAR BALANCE - PRIOR YEAR BALANCE
Revenue - 1602 - 3831
Cost of Goods Sold - 886 - 2263
Gross Profit Margin - 716 - 1568
Payroll - 267 - 395
Operations - 86 - 142
Other Expenses - 161 - 211
Total Expenses - 514 - 748
EBITDA - 202 - 820
Depreciation - 134 - 46
Interest Expense - 64 - 73
Other Income - (6) - (2)
Net Income Before Taxes - 10 - 703
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