Question: Use the information provided to create a cash flow statement. Common Sized Balance Sheet Assets 2016 2017 Percentage Change cash 0.65% 1.30% 99.08% Accounts Recievable

Use the information provided to create a cash flow statement.

Common Sized Balance Sheet
Assets 2016 2017 Percentage Change
cash 0.65% 1.30% 99.08%
Accounts Recievable 12.60% 9.80% -22.22%
Inventory 13.92% 16% 14.94%
Other Current Assets 1.62% 1.60% -1.23%
Total Current Assets 28.33% 28.60% 0.95%
Plant Property and Equipment 55.38% 57% 2.93%
Goodwill and other assets 16.28% 14.40% -11.55%
Total Assets 100% 100% 0.00%
Liabilities and Equities
Accounts Payable 13.10% 14.25% 8.78%
Wages Payable 0.31% 0.55% 77.42%
Accrued Income Tax 0.66% 0.80% 21.21%
Total Current Liabilities 14.08% 15.60% 10.80%
Long Term Debt 31.32% 25.63% -18.17%
Total Liabilities 45.40% 41.22% -9.21%
Total Common Equity 54.61% 58.78% 7.64%
Total Liabilities and Equity 100% 100% 0.00%

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!