Using the information on the attached sheet for Windswept, Inc., prepare in good form a Sources...

Transcribed Image Text:

Using the information on the attached sheet for Windswept, Inc., prepare in good form a Sources and Uses of Funds Statement and a Cash Reconciliation along with any required sub schedules for the year ending 2019. | Cash Accounts Receivable Inventory Net Sales Less: Cost of Goods Sold Gross Margin Less: Depreciation Earnings Before Interest and Taxes Less: Interest Paid Earnings Before Taxes Less: Taxes Net Income Total Current Assets Net Fixed Assets Total Assets Windswept, Inc. 2019 Income Statement ($ in millions) $ Windswept, Inc. 2018 and 2019 Balance Sheets ($ in millions) 2004 120 930 1,480 1,520 $ 2,530 $ 2,440 3,150 3,600 $ 5,680 2005 $ 140 780 $ 6,040 $ 8,450 7,240 $ 1,210 400 810 70 $ 740 259 $ 481 $ Accounts Payable Notes Payable Total Current Liab. Long-term Debt Common Stock Retained Earnings Total Liab. & Equity 2004 $ 1,110 0 $ 1,110 840 3,200 530 $ 5,680 2005 $ 1,120 0 $ 1,120 1,210 3,000 710 $ 6,040 Using the information on the attached sheet for Windswept, Inc., prepare in good form a Sources and Uses of Funds Statement and a Cash Reconciliation along with any required sub schedules for the year ending 2019. | Cash Accounts Receivable Inventory Net Sales Less: Cost of Goods Sold Gross Margin Less: Depreciation Earnings Before Interest and Taxes Less: Interest Paid Earnings Before Taxes Less: Taxes Net Income Total Current Assets Net Fixed Assets Total Assets Windswept, Inc. 2019 Income Statement ($ in millions) $ Windswept, Inc. 2018 and 2019 Balance Sheets ($ in millions) 2004 120 930 1,480 1,520 $ 2,530 $ 2,440 3,150 3,600 $ 5,680 2005 $ 140 780 $ 6,040 $ 8,450 7,240 $ 1,210 400 810 70 $ 740 259 $ 481 $ Accounts Payable Notes Payable Total Current Liab. Long-term Debt Common Stock Retained Earnings Total Liab. & Equity 2004 $ 1,110 0 $ 1,110 840 3,200 530 $ 5,680 2005 $ 1,120 0 $ 1,120 1,210 3,000 710 $ 6,040

Answer rating: 100% (QA)

Sources and Uses of Funds Statement for Windswept Inc for the year ending 2019 Sourc... View the full answer