Prepare Cashflow Statement for ABC company from the following information. Showing your workings.
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Prepare Cashflow Statement for ABC company from the following information. Showing your workings. (Unit: CU1000)
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- Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $119.70 on December 31, 20Y8 Instructions Asset turnoverAssets Fixed assets: Property, plant equipment (net) Total fixed assets Current assets: Inventory and Accounts Receivable (net) Cash and cash equivalents Total current assets Total assets 20X8 750,000 750,000 574,800 235,600 81,200 891,600 1,641,600 Sanborn Corporation Comparative Balance Sheets in € December 31, 20X8 and 20X7 Liabilities 20X7 720,000 720,000 594,800 229,200 40,800 864,800 1,584,800 Stockholders' Equity Stockholders' equity: Common stock 10 par value Retained earnings Total equity Long-term liabilities: Bonds payable Total stockholders' long-term liabilities Current liabilities: Notes payable Accounts payable Total current liabilities Total liabilities Total liabilities stockholders' equity 20X8 400,000 374,000 774,000 400,000 400,000 200,000 267.600 467,600 867,600 & 1,641,600 20X7 400,000 307,600 707,600 400,000 477,200 877,200 877,200 1,584,800 Comment on the results in requirements 1 and 2 by identifying favourable and unfavourable changes in the components and…please answer asap Problem No. 9 Presented below is the Assets section of AACA Corp.’s statement of financial position as of Dec. 31, 2022. Cash and cash equivalents P2,100,000 Trade and other receivables 4,200,000 Inventories 5,300,000 Other current assets 500,000 Property, plant and equipment 7,710,000 Intangible assets 2,271,000 Other non-current assets 700,000 During the course of your audit, you noted the following. Cash and cash equivalents The following were included in Cash and cash equivalents: Credit card receipts representing sales on Dec. 31, 2022, P98,900. Cryptocurrencies, P360,000. These are not held for sale in the ordinary course of business nor for investment purposes. Cash set aside for payment of income tax, P140,000. Cash surrender value of life insurance policy, P33,000. Investment in preference shares acquired on Dec. 28, 2022, P240,000. The shares are redeemable on Mar. 28, 2023. 6-month time deposit, P100,000.…
- Problem 17-8 (AICPA Adapted) Sandy Company reported the following comparative statement of financial position at year-end: 2020 Assets 150,000 Cash and cash equivalents Accounts receivable Inventory Prepaid insurance Property, plant and equipment Accumulated depreciation 000'07 000'060'I 000'098 000'0 3,620,000 4,300,000 840,000) 720,000) 5,120,000 4,210,000 Liabilities and Equity Accounts payable Salaries payable Income tax payable Accrued interest payable Bonds payable Share capital Retained earnings Treasury shares 400,000 000'0 000'ss 000's 000'009 000'0 000 3,050,000 1,100,000 140,000) 3,050,000 760,000 5,120,000 4,210,00Coronado Industries Comparative Balance Sheets . December 31, 2022 2021 Assets: Current Assets: Cash $ 1380000 $1100000 Accounts Receivable (net) 3100000 2170000 Inventory 3950000 2510000 Prepaid Expenses 704000 631000 Total Current Assets 9134000 6411000 Long-Term Investments 450000 Plant Assets: Property, Plant & Equipment 4360000 2879000 Accumulated Depreciation (901000 ) (539000 ) Total Plant Assets 3459000 2340000 Total Assets $13043000 $8751000 . Equities: Current Liabilities: Accounts Payable $2550000 $2190000 Accrued Expenses 617000 566000 Dividends Payable 403000 Total Current Liabilities 3570000 2756000 Long-Term Notes Payable 1648000 Stockholders' Equity:…Use ihe Iollowing limancial statement imiomalion for lefm 13! Comparative Balance Sheet 12/31/20X3 12/31/20X2 Cash 408,000 $ 192,000 Accounts receivable 360,000 216.000 Inventory Property, plant, and equipment Accumulated depreciation 384,000 480,000 608,000 960,000 (320,000) (304,000) $1,544,000 Total Assets $1.440,000 Accounts payable Income taxes payable Bonds payable $ 176,000 2$ 96,000 352,000 392,000 360.000 600,00 Common stock 216,000 216,000 Retained earnings 336,000 240,000 $1,544,000 Total Liabilities and Equity $1.440,000 Income Statement for the Year ended Dec 31, 20X3 Sales revenue $8,400,000 Cost of sales Gross profit Depreciation expense Other operating expenses Income from operations Interest expense 7,152,000 1,248,000 $ 80,000 712.000 792,000 456,000 72,000 Income before taxes 384,000 Income taxes 96,000 Net income $ 288,000 Cash dividends for the year 20X3 were $192,000. > During the year, equipment was sold for $240,000. This equipment cost $352,000 originally and…
- STATEMENT OF FINANCIAL POSITION AS AT DECEMBER 31 All answers round to two decimal places except (c) & (e), eg 54.544 input as 54.54, 54.545 input as 54.55 2019 2018 2017 2$ $ $ 2019 2018 times Plant and equipment (net) 500,000 466,000 440,000 a)Current ratio 5.11 times times times Intangible Assets 580,000 480,000 412,000 b) Acid Test Ratio times times Short Term Investments 56,000 140,000 97,200 b)lnventory Turnover Prepaid Insurance (less than 12 months) 4,000 4,000 3,800 c)Average days to sell inventory 100 Days Days (Round to days, no decimal place required) Inventory 126,000 119,000 79,000 d)Accounts Receivable turnover times times (Assume all the sale are credit sales) Accounts receivables (net) 54,000 48,000 60,000 e) Average Collection Period Days Days (Round to days, no decimal place required) % Cash 220,000 144,000 122,000 f)Profit Margin 1,540,000 1,401,000 1,214,000 g)Return on Assets times times h)Asset Turnover % Accounts Payable 80,000 100,000 100,000 i) Return on…Q7 Prepare common size Balance Sheet of XRI Ltd. from the following information: Particulars I. Equity and Liabilities 1. Shareholders' Fund a) Share capital b) Reserves and surplus 2. Non-current liabilities Long-term borrowings 3. Current liabilities Trade Payable Total II. Assets 1. Non-current assets a) Fixed assets - Tangible asset Total Plant & machinery - Intangible assets Goodwill b) Non-current investments 2. Current assets Inventories Note No. March 31, 2016 15,00,000 5,00,000 6,00,000 14,00,000 March 31, 2017 16,00,000 10,00,000 12,00,000 5,00,000 15,50,000 10,50,000 41,50,000 32,50,000 5,00,000 8,00,000 12,00,000 10,00,000 1,50,000 2,50,000 41,50,000 32,50,000The following inrormation has been extracted from the draft financial information of Claudius Ltd. Draft statement of financial position as at 30th June 20X7 and 30th June 20X6 are as follows: 20X7 20X6 £ £ £ ASSETS Non current assets Property, plant and equipment 101,107 64,270 Current assets 27,979 11,506 22,075 14,265 Inventories Trade receivables Cash and Bank 3,240 42,725 294 36,634 TOTAL ASSETS 143,832 100,904 EQUITY AND LIABILITIES Equity Share capital 29,551 27,408 10,454 6,523 7,474 Share Premium Account 11,391 Revaluation reserve 15,456 Retained earnings 11,351 67,749 51,859 Non current liabilities 6% debentures 37,184 22,844 Current Liabilities 14,336 22,417 2,146 Bank overdraft 4,151 Trade and other payables Current tax payable 20,082 38,899 1,968 26,210 Page 3 TOTAL EQUITY AND LIABILITIES 143,832 100,904 Statement of comprehensive income for the year ended 30th June 20X7 £ 58,083 (31,399) Revenue Cost of sales Gross Profit 26,684 Distribution costs (8,959) (6,393)…
- Help | System Announcements Balance Sheet As of 12/31/19 Assets: Liabilities and Equity: Cash and marketable securities $28,987 Accounts payable and accruals $154,807 Accounts receivable $142,845 Short-term notes payable $21,639 Inventory $212,722 Total current liabilities $176,446 Total current assets $384,554 Long term debt $155,510 Net plant and equipment $602,309 Total liabilities $331,956 Goodwill and cther assets $42,422 Common stock $314,932 Retained earnings $382,397 Total assets $1,029,285 Total liabilities and equity $1,029,285 In addition, it was reported that the firm had a net income of: $158,531 and net sales of: $4,338,283 Calculate the following ratios for this firm (Use 365 days for calculation. Round answers to 2 decimal places, e.g. 52.75.): Current Ratio times Quick Ratio times Average Collection Period days Total Asset Turnever times Fixed Asset Turnover times QuestionProblem 1. The following data are available for XYZ Trading for years 20x1 and 20x2 XYZ Trading Statement of Financial Position December 31, 20x1 and 20x2 Assets 20x1 20x2 Cash and equivalents 14,000 16,000 Receivables 28,800 55,600 Inventories 54,000 85,600 Prepayments and others 4,800 7,400 Total current assets 101,600 164,600 Property, Plant and equipment (net of depreciation) 30,200 73,400 Total Assets 131,800 238,000 Liabilities and Equity Notes payable to bank 10,000 54,000 Accounts payable 31,600 55,400 Accrued liabilities 4,200 6,800 Income taxes payable 5,800 7,000 Total current liabilities 51,600 123,200 Owner's equity Total Liabilities and Owner's Equity 80,200 114,800 238,000 131,800 XYZ Trading Income Statement Years Ended December 31, 20X1 and 20x2 20x1 20x2 Net Sales 266,400 424,000 Cost of goods sold Gross profit Selling, general and administrative expenses 191,400 314,600 109,400 58,400 51,000 75,000 35,500 Net income 39,500 Required: 1. Prepare the horizontal analysis…Requlred Informatlon RivMera Townshlp reported the following data for Its governmental activitles for the year ended June 30, 20X9: 2 of 3 Item Amount Cash and cash equivalents $1,000,000 300,000 8,500,000 1,200,000 400,000 4,800,000 Receivables Capital assets Accumulated depreciation Accounts payable 01:56:09 Long-term liabilities Additlonal Information avalable is as follows: All of the long-term debt was used to acquire capital assets. Cash of $475,000 Is restricted for debt service. Based on the preceding Informatlon, on the statement of net assets prepared at June 30, 20X9, what amount should be reported for net assets Invested In capital assets, net of related debt? Multiple Cholce $3.300,000 $2.900,000 $2,825,000 $4.200,000