Question: Create a statement of cash flow for the current year using Wright Co's income statement and balance sheet. (Do not round intermediate calculations. Round your
Create a statement of cash flow for the current year using Wright Co's income statement and balance sheet. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
| Income Statement: | Current Year |
| Revenue | 5,333.00 |
| Cost of Goods Sold | 2,133.20 |
| Gross Margin | 3,199.80 |
| SG&A | 516.00 |
| EBITDA | 2,683.80 |
| Depreciation Expense | 515.00 |
| EBIT | 2,168.80 |
| Interest Expense | 159.15 |
| EBT | 2,010 |
| Taxes | 703.38 |
| Net Income | 1,306.27 |
| Dividends | 410 |
| Addition to Retained Earnings | 896.27 |
Balance Sheet:
| Assets | Prior Year | Current Year |
| Cash | 800 | ???? |
| Accounts Receivables | 400 | 437.00 |
| Inventory | 300 | 333.00 |
| Total Current Assets | 1,500 | ???? |
| Net Fixed Assets | 5,000 | 5,295.00 |
| Total Asset | 6,500 | ???? |
| Liabilities and Equity | Prior Year | Current Year |
| Accounts Payable | 300 | 326.00 |
| Notes Payable | 1,000 | 864.00 |
| Total Current Liabilities | 1,300 | 1,190.00 |
| Long-Term Debt | 2,000 | 2,319.00 |
| Total Liabilities | 3,300 | ???? |
| Common Stock and Paid-in Capital | 2,200 | 2,200 |
| Retained Earnings | 1,000 | 1,896.27 |
| Total Equity | 3,200 | ???? |
| Total Liabilities & Equity | 6,500 | ???? |
Use SinCo's Income Statement and Balance Sheet to create a Statement of Cash Flows for the current year.
| What is Wright's Change in Working Capital | |
| What is Wright's Cash Flow from Operations | |
| What is Wright's Cash Flow from Investments | |
| What is Wright's Provide by Financing Actives | |
| What is Wright's Net change in cash | |
| What is Wright's Ending Cash Balance |
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