Question: Required information Reporting Amounts on the Four Basic Financial Statements and Evaluating Financial Statements LO 12 LO 1-3 The following information applies to the questions
Required information Reporting Amounts on the Four Basic Financial Statements and Evaluating Financial Statements LO 12 LO 1-3 The following information applies to the questions displayed below) Fitbit, Ine, reported the following information for the nine month period ended October 2015. dem enthousands of dollars Accounts Payable Accounts Receivable ti Cash ( ry 1, 2016) Tece pense 3. 17.1 D e the long-terests totechers CP1-4 Part 1 Required What amount of total assets have been financed by the creditors and the stockholder s er answers in thousands) 1. Was the con fianced many by credit to holders Geos Stockholders 1. What is your information source Income Statement Statement of Retaned famings Balance Sheet Statement of Cash Pows Fitbit Inc. reported the following information for the nine-month period ended October 1, 2016. Items are dollars. thousands of 462,50 Accounts Payable Accounts Receivable Advertising Expense Cash (January 1, 2016) Cash (October 1, 7016) Common Stock 684,220 255.00 Office Expenses Tace Tax Expense 19,500 3.00 Operating Expenses Retained Tarnings (January 1, 2016) Sales Revue 261.50 87,600 $ 39,520 Other cash flow informations Cash received from issuing common stock ho seguent Cash paid to suppliers and employees Cash received from customers Cash received from sale of long-term assets Dividends paid to stockholders 459,900 $35.00 CP1-4 Part 1 Required: 1. What amount of total assets have been financed by the creditors and the stockholders? (Enter your answers in thousands.) 15 in thousands) Financed by Creditors Financed by Stockholders 1-b. Was the company financed mainly by creditors or stockholders? Creditors Stockholders 1-c. What is your information source? Income Statement Statement of Retained Earnings Balance Sheet Statement of Cash Flows
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