Question: Please Answer ASAP Cash-based measures: (2) Cash debt coverage. (3) Free cash flow. (a) Niet cash $38.500 ODGERS INC. Comparative Balance Sheets December 31 Prepare
Please Answer ASAP
Cash-based measures: (2) Cash debt coverage. (3) Free cash flow. (a) Niet cash $38.500 ODGERS INC. Comparative Balance Sheets December 31 Prepare a s flows-inde (LO 4), AP Assets Cash Accounts receivable Inventory Prepaid expenses Long-term investments Plant assets Accumulated depreciation Total 2014 $ 80,800 87,800 112,500 28,400 138,000 285,000 (50,000) $682,500 (1) Current cash debt coverage. flows for Kurtzel Company using the direct method. P12-9A Condensed financial data of Odgers Inc. follow. Prepare a statement of cash flows using the indirect method. 2013 $ 48,400 38,000 102,850 26,000 109,000 242,500 (52,000) $514,750 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable $102,000 $ 67,300 Bonds payable 16,500 21,000 Common stock 110,000 146,000 Retained earnings 220,000 175,000 234,000 105,450 Total $682,500 $514,750 ODGERS INC. Income Statement Data For the Year Ended December 31, 2014 Sales revenue $388,460 Less: Cost of goods sold $135,460 Operating expenses, excluding 12,410 depreciation 46,500 Depreciation expense 27,280 Income tax expense 4,730 Interest expense 7,500 233,880 Loss on disposal of plant assets $154,580 Net income Instructions sented in P12-9A. Further analysis reveals that Additional information: 1. New plant assets costing $100,000 were purchased for cash during the year 2. Old plant assets having an original cost of $57,500 and accumulated depreciation of $48,500 were sold for $1.500 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $26,030 was declared and paid during the year. Net cash provided- $176,930 Prepare a state
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