Question: The table below contains data in a non standardized format as prepared by Newton Inc. for the year 2018 and 2019. Using the data in

 The table below contains data in a non standardized format as

The table below contains data in a non standardized format as prepared by Newton Inc. for the year 2018 and 2019. Using the data in the table below answer the following questions: a) (5 points) Using data in the table, draw income statement and balance sheet for 2018 and 2019. b) (6 points) Calculate cash flow from assets, operating cash flow, net capital spending, change in net working capital, cash flow to creditors, and cash flow to shareholders for the year 2019. c) (1 point) How do you test if your calculations for part b are correct? Sales Depreciation Accounts receivable Cash Interest expense Other operating expense Cost of goods sold Net fixed assets Current liability Notes payable Common stock Inventory Additional Paid in capital Long term debt Tax rate Dividend payout ratio 2018 135,444 10,836 27,089 2,709 4,876 29,798 62,304 162,533 33,861 23,678 14,638 17,608 29,444 75,883 21% 30% 2019 158,471 12,678 31,694 3,169 5,765 34,864 72,897 190,165 39,618 24,758 16,330 20,601 33,667 82,131 21% 30% The table below contains data in a non standardized format as prepared by Newton Inc. for the year 2018 and 2019. Using the data in the table below answer the following questions: a) (5 points) Using data in the table, draw income statement and balance sheet for 2018 and 2019. b) (6 points) Calculate cash flow from assets, operating cash flow, net capital spending, change in net working capital, cash flow to creditors, and cash flow to shareholders for the year 2019. c) (1 point) How do you test if your calculations for part b are correct? Sales Depreciation Accounts receivable Cash Interest expense Other operating expense Cost of goods sold Net fixed assets Current liability Notes payable Common stock Inventory Additional Paid in capital Long term debt Tax rate Dividend payout ratio 2018 135,444 10,836 27,089 2,709 4,876 29,798 62,304 162,533 33,861 23,678 14,638 17,608 29,444 75,883 21% 30% 2019 158,471 12,678 31,694 3,169 5,765 34,864 72,897 190,165 39,618 24,758 16,330 20,601 33,667 82,131 21% 30%

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!