Prepare a statement of cash flows for Clancy's Dog Biscuit Corporation. Assets Current assets: Cash and...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Prepare a statement of cash flows for Clancy's Dog Biscuit Corporation. Assets Current assets: Cash and marketable securities Accounts receivable Inventory Total Fixed assets: Gross plant and equipment Less: Accumulated depreciation Net plant and equipment Other long-term assets Total Total assets CLANCY'S DOG BISCUIT CORPORATION Balance Sheet as of December 31, 2021 and 2020 (in millions of dollars) 2021 87 205 321 $ 613 2020 86 196 306 $ 588 $912 $1,118 176 128 $942 $784 164 164 $1,106 $948 $1,719 $1,536 Liabilities and Equity Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total Long-term debt Stockholders' equity: Preferred stock (6 thousand shares) Common stock and paid-in surplus (100 thousand shares) Retained earnings Total Total liabilities and equity $ 64 162 146 $ 372 $ 637 2021 $ 6 120 584 710 $ $1,719 $ 2020 $ 56 156 146 $ 358 $ 586 6 120 466 $ 592 $1,536 CLANCY'S DOG BISCUIT CORPORATION Income Statement for Years Ending December 31, 2021 and 2020 (in millions of dollars) Net sales Less: Cost of goods sold Gross profits Less: Other operating expenses Earnings before interest, taxes, depreciation, and amortization (EBITDA) Less: Accumulated depreciation (2018) Earnings before interest and taxes (EBIT) Less: Interest Earnings before taxes (EBT) Less: Taxes Net income Less: Preferred stock dividends Net income available to common stockholders Less: Common stock dividends Addition to retained earnings Per (common) share data: Earnings per share (EPS) Dividends per share (DPS) Book value per share (BVPS) Market value (price) per share (MVPS) 2021 $ 922 404 $518 62 $ 456 48 $408 63 $ 345 146 $199 $ 6 $ 193 75 $ 118 $1.93 $0.75 $7.04 $8.07 2020 $ 832 367 $465 56 $409 46 $363 57 $ 306 126 $ 180 $ 6 $ 174 75 $99 $1.74 $0.75 $5.86 $6.34 Prepare a statement of cash flows for Clancy's Dog Biscuit Corporation. Assets Current assets: Cash and marketable securities Accounts receivable Inventory Total Fixed assets: Gross plant and equipment Less: Accumulated depreciation Net plant and equipment Other long-term assets Total Total assets CLANCY'S DOG BISCUIT CORPORATION Balance Sheet as of December 31, 2021 and 2020 (in millions of dollars) 2021 87 205 321 $ 613 2020 86 196 306 $ 588 $912 $1,118 176 128 $942 $784 164 164 $1,106 $948 $1,719 $1,536 Liabilities and Equity Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total Long-term debt Stockholders' equity: Preferred stock (6 thousand shares) Common stock and paid-in surplus (100 thousand shares) Retained earnings Total Total liabilities and equity $ 64 162 146 $ 372 $ 637 2021 $ 6 120 584 710 $ $1,719 $ 2020 $ 56 156 146 $ 358 $ 586 6 120 466 $ 592 $1,536 CLANCY'S DOG BISCUIT CORPORATION Income Statement for Years Ending December 31, 2021 and 2020 (in millions of dollars) Net sales Less: Cost of goods sold Gross profits Less: Other operating expenses Earnings before interest, taxes, depreciation, and amortization (EBITDA) Less: Accumulated depreciation (2018) Earnings before interest and taxes (EBIT) Less: Interest Earnings before taxes (EBT) Less: Taxes Net income Less: Preferred stock dividends Net income available to common stockholders Less: Common stock dividends Addition to retained earnings Per (common) share data: Earnings per share (EPS) Dividends per share (DPS) Book value per share (BVPS) Market value (price) per share (MVPS) 2021 $ 922 404 $518 62 $ 456 48 $408 63 $ 345 146 $199 $ 6 $ 193 75 $ 118 $1.93 $0.75 $7.04 $8.07 2020 $ 832 367 $465 56 $409 46 $363 57 $ 306 126 $ 180 $ 6 $ 174 75 $99 $1.74 $0.75 $5.86 $6.34
Expert Answer:
Answer rating: 100% (QA)
Answer Cash flow statement for the year ended December 31 2022 Cash flow from opera... View the full answer
Related Book For
Posted Date:
Students also viewed these finance questions
-
Use the balance sheet and following income statement to construct a statement of cash flows for Clancys Dog BiscuitCorporation. Clancy's Dog Biscuit Corporation Balance Sheet as of December 31,2015...
-
Use the balance sheet and income statement below to construct a statement of cash flows for Clancy's Dog Biscuit Corporation. Clancy's Dog Biscuit Corporation Balance Sheet as of December 31, 2018...
-
Use the balance sheet and income statement below to construct a statement of cash flows for 2016 for Clancy's Dog BiscuitCorp. Clancy's Dog Biscuit Corporation Balance Sheet as of December 31, 2015...
-
Find the inverse of each of the given matrices by the method of Example 1 of this section. Data from Example 1 Find the inverse of the matrix First, we interchange the elements on the principal...
-
Determine the magnitude of force F so that the resultant FR of the three forces is as small as possible. What is the minimum magnitude of FR? Units Used: kN = 1000 N Given: F1 = 5 kN F2 = 4 kN...
-
The FL Crime data file on the text CD has data for the 67 counties in Florida on y = crime rate: Annual number of crimes in county per 1000 population x1 = education: Percentage of adults in county...
-
T. Christian Cooper was a partner to Sanders and Richard Campbell d/b/a The Mullen Company. In 2001, Cooper helped bring about a management agreement between The Mullen Co. and Newnan Crossing...
-
The bank portion of the bank reconciliation for Langer Company at November 30, 2017, was as follows The adjusted cash balance per bank agreed with the cash balance per books at November 30. The...
-
23 Consider the following Java code: What will be printed when the following code is executed: new Cat().eat(); ? public class Animal ( } public void eat () { System.out.println("Animal is eating");...
-
The High-Flying Growth Company (HFGC) has been growing very rapidly in recent years, making its shareholders rich in the process. The average annual rate of return on the stock in the last few years...
-
On January 1, 2019, Rand Corp. issued shares of its common stock to acquire all of the outstanding common stock of Spaulding Inc. Spaulding's book value was only $130,000 at the time, but Rand issued...
-
You buy a 5-year zero coupon bond with 4% yield to maturity. You sell the bond 2 years later when it's yield to maturity is 2%. What was your annualized holding period return?
-
A load of 89.2 N attached to a spring hanging vertically stretches the spring 5.82 cm. The spring is now placed horizontally on a table and stretched 11.31 cm. What force is required to stretch the...
-
Assume a risky investment has a return = 15% and a risk = 24%. The risk free rate = 8%. What level of risk aversion would make the investor indifferent between the risky investment and T-Bills?
-
A successful food truck owner is considering whether to move to a brick-and-mortar store. Her analysis suggests that doing so would increase future revenues by $20,000 every year (in perpetuity). (1)...
-
How has our understanding of the laws of genetics been used to understand genetic dis- eases, and in some cases, prevent the occurrence of genetic disease or alleviate the symp- toms of genetic...
-
NUR Berhad is a company producing tables. After discussing with the marketing manager, the production manager planning to focus on producing a product named AFI. The marketing manager is observing on...
-
A bubble-point liquid feed is to be distilled as shown in Figure. Use the Edmister group method to estimate the mole-fraction compositions of the distillate and bottoms. Assume initial overhead and...
-
Shown below are partial financial statements for Garners' Platoon Mental Health Care, Inc. Fill in the blanks on the four financial statements. Garners' Platoon Mental Health Care, Inc. Statement of...
-
Suppose a firm has had the historic sales figures shown as follows. What would be the forecast for next year's sales using regression to estimate a trend? 2012 2013 S1.750,000 Year. 2014 2015 2016...
-
Tater and Pepper Corp. reported sales for 2018 of $23 million. Tater and Pepper listed $5.6 million of inventory on its balance sheet. Using a 365 day year, how many days did Tater and Pepper's...
-
Suppose that in September 2013 a company takes a long position in a contract on May 2014 crude oil futures. It closes out its position in March 2014. The futures price (per barrel) is \($88.30\) when...
-
Explain how the control variate technique is implemented.
-
A company wishes to hedge its exposure to a new fuel whose price changes have a 0.6 correlation with gasoline futures price changes. The company will lose $1 million for each 1 cent increase in the...
Study smarter with the SolutionInn App