Question: Please answer # 14-17 Income Statement for Balance Sheet as of 12/31/2008 Balance Sheet as of 12/31/2009 the year 2009 Sales 345,000 Cost of Goods

Please answer # 14-17
Income Statement for Balance Sheet as of 12/31/2008 Balance Sheet as of 12/31/2009 the year 2009 Sales 345,000 Cost of Goods Sold 185,000 Cash A/R Inventory Machinery Equipment (net) Real Estate Intellectual Property 24,000 52,000 25,000 385,000 25,500 25,000 65,000 65,000 32,000 325,000 25,500 Operating Margin 160,000 25,000 Selling, General and Administrative Expenses 28,000 Total Assets 536,500 537,500 Depreciation and Amortization of Goodwill 42,000 Interest Expense A/P Long Term Debt 68,000 210,000 58,000 185,000 21,000 Gross Profit 69,000 Total Debt 278,000 243,000 Taxes 12,735 Equity 258,500 294,500 Net Income (earnings) 56,265 Total Debt + Equity 536,500 537,500 Points 3% Pts Eamed 0% You must designate "used" or "supplied" in your answers How much cash was used/supplied by Long Term Financing Activities? 14 3% 15 0% How much cash was used/supplied by inventory? 3% 16 0% How much cash was used/supplied by Machinery? 3% 17 0% How much cash was used/supplied by A/R? 3% 18 0% How much cash was used/supplied by A/P
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
