Create a statement of cash flow for the current year using Wright Co's income statement and balance sheet. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Income Statement: Current Year Revenue 4,628.00 Cost of Goods Sold 1,990.04 Gross Margin 2,637.96 SG&A 543.00 EBITDA 2,094.96 Depreciation Expense 516.00 EBIT 1,578.96 Interest Expense 182.90 EBT 1,396 Taxes 488.62 Net Income 907.44 Dividends 410 Addition to Retained Earnings 497.44 Balance Sheet: Assets Prior Year Current Year Cash 800 ???? Accounts Receivables 400 441.00 Inventory 300 343.00 Total Current Assets 1,500 ???? Net Fixed Assets 5,000 5,016.00 Total Asset 6,500 ???? Liabilities and Equity Prior Year Current Year Accounts Payable 300 323.00 Notes Payable 1,000 1,014.00 Total Current Liabilities 1,300 1,337.00 Long-Term Debt 2,000 2,644.00 Total Liabilities 3,300 ???? Common Stock and Paid-in Capital 2,200 2,200 Retained Earnings 1,000 1,497.44 Total Equity 3,200 ???? Total Liabilities & Equity 6,500 ???? Use SinCo's Income Statement and Balance Sheet to create a Statement of Cash Flows for the current year. What is Wright's Change in Working Capital What is Wright's Cash Flow from Operations What is Wright's Cash Flow from Investments What is Wright's Provide by Financing Actives What is Wright's Net change in cash What is Wright's Ending Cash Balance Does the 2014 Cash Balance from the Balance Sheet equal the Ending Cash Balance from the Statement of Cash Flows? True or False

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter16: Working Capital Policy And Short-term Financing

Section: Chapter Questions

Problem 10P

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Create a statement of cash flow for the current year using Wright Co's income statement and balance sheet. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Income Statement:	Current Year
Revenue	4,628.00
Cost of Goods Sold	1,990.04
Gross Margin	2,637.96
SG&A	543.00
EBITDA	2,094.96
Depreciation Expense	516.00
EBIT	1,578.96
Interest Expense	182.90
EBT	1,396
Taxes	488.62
Net Income	907.44
Dividends	410
Addition to Retained Earnings	497.44

Balance Sheet:

Assets	Prior Year	Current Year
Cash	800	????
Accounts Receivables	400	441.00
Inventory	300	343.00
Total Current Assets	1,500	????
Net Fixed Assets	5,000	5,016.00
Total Asset	6,500	????

Liabilities and Equity	Prior Year	Current Year
Accounts Payable	300	323.00
Notes Payable	1,000	1,014.00
Total Current Liabilities	1,300	1,337.00
Long-Term Debt	2,000	2,644.00
Total Liabilities	3,300	????
Common Stock and Paid-in Capital	2,200	2,200
Retained Earnings	1,000	1,497.44
Total Equity	3,200	????
Total Liabilities & Equity	6,500	????

Use SinCo's Income Statement and Balance Sheet to create a Statement of Cash Flows for the current year.

What is Wright's Change in Working Capital
What is Wright's Cash Flow from Operations
What is Wright's Cash Flow from Investments
What is Wright's Provide by Financing Actives
What is Wright's Net change in cash
What is Wright's Ending Cash Balance

Does the 2014 Cash Balance from the Balance Sheet equal the Ending Cash Balance from the Statement of Cash Flows?

True or False

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