The tables below show Dynamic Mattress's year-end 2009 balance sheet, its income statement for 2010 and comparison

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The tables below show Dynamic Mattress's year-end 2009 balance sheet, its income statement for 2010 and comparison of 2009 and 2010 year-end balance sheet. Use these tables to work out a statement of sources and uses of cash for 2010.

The tables below show Dynamic Mattress's year-end 2009 balance sheet,

INCOME STATEMENT FOR 2010
(figures in millions of dollars)
Sales..................................$300.00
Operating costs.....................(285.00)
..........................................$15.00
Depreciation...........................(2.00)
EBIT....................................13.00
Interest...................................(1.00)
Pretax income..........................12.00
Tax at 50%.....................................(6.00)
Net income.............................$6.00
Dividend ................$ 1.00 million
Reinvested earnings .....$5.00 million

The tables below show Dynamic Mattress's year-end 2009 balance sheet,
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Related Book For  book-img-for-question

Fundamentals of Corporate Finance

ISBN: 978-0078034640

7th edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus

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