Question: Please help me solve this Question 2 2019 4 Sales 2020 $23,814 Current Assets Cost of Goods Sold $21,510 $22,000 You must complete the Balance

Please help me solve this

Please help me solve this Question 2 2019 4 Sales 2020 $23,814

Question 2 2019 4 Sales 2020 $23,814 Current Assets Cost of Goods Sold $21,510 $22,000 You must complete the Balance Sheet to get the numbers you need belo $7,290 Net Fixed Assets $6,000 $6,600 26 Gross Profit $16,524 Total Assets $27,510 $28,600 1 Point 27 Selling & General Expenses $12,090 Current Liabilities $4,950 $7,010 28 Depreciation $1,000 Long Term Debt 2 Points 29 EBIT $3,434 Total Liabilities 1 Point 30 Interest Expense $400 Par Value of Equity $200 $200 31 Taxes $350 Additional Paid in Capital $2,700 $2,800 32 Net Income $2,684 Retained Earnings $0.00 $1,412 33 Dividends $1,272 Total Equity $2,900 $4,412 34 Retained Earnings $1,412 Total Liabilities & Equity 1 Point 36 Operating Cash Flow 3 Points 37 Change in Capital Spending 3 Points 38 Change in Net Working Capital 3 Points 39 Cash Flow From Assets 1 Point + 40 Cash Flow to Creditors 3 Points Hint: You need total equity to figure out Total Liabilities and Long-Term Debt 41 Cash Flow to Shareholders 3 Points Hint: You only want new equity from outside, not internally generated equity Cash Flow From Assets 1 Point 44 Briefly explain what you see going on with this company (example: are they expecting good business prospects, do they need to raise funds or return funds, etc. ) You can put this written 45 part on a separate Word document. 9 Points

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!