Given the following financial information, for the past year. Accounts payable Accrued interest Cash Cash investment in growing crops Crop revenue Current portion of noncurrent debt Deferred portion of noncurrent debt Farm real estate Grain inventory Interest expense Machinery and equipment Net farm income from operations Notes payable Owner equity Prepaid expenses Supplies Total current assets Total current liabilities Total operating expenses Calculate the missing values. Create the Balance sheet and Income statement. 1,900 $ 11,000 600 95,000 1,430 152,000 10,900 76,000 27,100 9600 145,000 290 480 17,400 14,000

Fitz Company reports the following information. Selected Annual Income Statement Data   Selected Year-End Balance Sheet Data   Net income $ 391,000 Accounts receivable decrease $ 27,200 Depreciation expense 44,200 Inventory decrease 46,000 Amortization expense 8,000 Prepaid expenses increase 6,400 Gain on sale of plant assets 7,100 Accounts payable decrease 8,200     Salaries payable increase 1,900 Use the indirect method to prepare the operating activities section of its statement of cash flows for the year ended December 31. Note: Amounts to be deducted should be indicated with a minus sign.

Fitz Company reports the following information. Selected Annual Income Statement Data Net income Depreciation expense Amortization expense Gain on sale of plant assets Cash flows from operating activities Selected Year-End Balance Sheet Data $ 373,000 Accounts receivable decrease 49,400 Inventory decrease 8,300 Prepaid expenses increase 6,700 Accounts payable decrease Salaries payable increase Use the indirect method to prepare the operating activities section of its statement of cash flows for the year ended December 31. Note: Amounts to be deducted should be indicated with a minus sign. Statement of Cash Flows (partial) Changes in current operating assets and liabilities Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash $ 60,400 42,500 6,400 8,800 1,700 $

Cash Flow RatiosSpencer Company reports the following amounts in its annual financial statements: Cash flow from operating activities $90,000   Capital expenditures $59,500* Cash flow from investing activities (68,000)   Average current assets 136,000 Cash flow from financing activities (8,500)   Average current liabilities 102,000 Net income 42,500   Total assets 255,000 * This amount is a cash outflowa. Compute Spencer's free cash flow.b. Compute Spencer's operating-cash-flow-to-current-liabilities ratio.c. Compute Spencer's operating-cash-flow-to-capital-expenditures ratio. Round ratios to two decimal points. a. Free cash flow Answer b. Operating-cash-flow-to-current-liabilities ratio Answer c. Operating-cash-flow-to-current-expenditures ratio Answer