Statement of Cash Flow Presented below are the consolidated financial statements of The Mann Corporation as of year-end 2012 and 2013. THE MANN CORPORATION Consolidated Balance Sheets As of Year-End ($ thousands) 2013 2012 Assets Current assets Cash $320,000 $200,000 Accounts receivable (net) 792,000 608,000 Inventory 568,000 320,000 Prepaid expenses 80,000 80,000 Total current assets 1,760,000 1,208,000 Investments in affiliate companies 80,000 - Property and equipment 1,048,000 640,000 Less: Accumulated depreciation (88,000) (64,000) Property & equipment (net) 960,000 576,000 Total assets $2,800,000 $1,784,000 Liabilities & Shareholders' Equity Current liabilities Accounts payable $456,000 $400,000 Accrued expenses payable 160,000 176,000 Dividends payable 56,000 - Total current liabilities 672,000 576,000 Note payable-due in ten years 400,000 - Total liabilities 1,072,000 576,000 Shareholders' equity Common stock, $5 par value 240,000 160,000 Additional paid-in-capital 960,000 928,000 Retained earnings 528,000 120,000 Total shareholders' equity 1,728,000 1,208,000 Total liabilities & shareholders' equity $2,800,000 $1,784,000   THE MANN CORPORATION Consolidated Income Statement For Year Ended ($ thousands) 2013 2012 Sales $13,440,000 $9,600,000 Cost of goods sold 11,200,000 8,320,000 Gross margin 2,240,000 1,280,000 Selling & administrative expenses 1,544,000 838,400 Depreciation expense 24,000 16,000 Income tax expense 192,000 121,600 Net income $480,000 $304,000   Required Using the above financial data, prepare the statement of cash flow for 2013 using the indirect method. Use a negative sign with answers to indicate a decrease in cash

Statement of Cash FlowPresented below are the financial statements for the Amphlett Corporation, as of year-end 2012 and 2013. AMPHLETT CORPORATIONConsolidated Balance Sheets As of Year-End ($ thousands) 2013 2012 Assets Current Cash $18,000 $108,000 Marketable securities 240,000 - Accounts receivable (net) 708,000 528,000 Inventory 720,000 738,000 Total current assets 1,686,000 1,374,000 Noncurrent Long-term investments 372,000 468,000 Property & equipment 2,160,000 1,320,000 Less: Accumulated depreciation (600,000) (600,000) Property & equipment (net) 1,560,000 720,000 Intangibles (net) 114,000 126,000 Total noncurrent assets 2,046,000 1,314,000 Total assets $3,732,000 $2,688,000 Liabilities & Shareholders' Equity Accounts payable $1,080,000 $1,020,000 Short-term bank debt 228,000 - Total liabilities 1,308,000 1,020,000…

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Not Graded   Statement of Cash Flows (Direct Method)The Wolff Company's income statement and comparative balance sheets at December 31 of 2013 and 2012 are shown below: WOLFF COMPANYIncome StatementFor the Year Ended December 31, 2013 Sales Revenue   $698,500 Cost of Goods Sold $473,000   Wages Expense 94,600   Insurance Expense 8,800   Depreciation Expense 18,700   Interest Expense 9,900   Income Tax Expense 31,900 636,900 Net Income   $61,600   WOLFF COMPANYBalance Sheets   Dec. 31, 2013 Dec. 31, 2012 Assets     Cash $12,100 $5,500 Accounts Receivable 45,100 35,200 Inventory 99,000 66,000 Prepaid Insurance 5,500 7,700 Plant Assets 275,000 214,500 Accumulated Depreciation (74,800) (56,100) Total Assets $361,900 $272,800 Liabilities and Stockholders' Equity     Accounts Payable $7,700 $11,000 Wages Payable 9,900 6,600 Income Tax Payable 7,700 8,800 Bonds Payable 143,000 82,500 Common Stock 99,000 99,000 Retained Earnings…

Prepare a statement of cash flows for the Maness Coporation, using the infromation shown in the balance sheets.                                                           2017                  2018                  Changes Assets Cash                                             $150                     $125                     $(25) Accounts receiveable                      350                      375                        25 Inventory                                         475                     550                        75 Total current assets                         975                   1,050                        75 Gross fixed assets                          2425                   2750                       325 Accumulated depreciation           (1000)                 (1200)                    (200) Net fixed assets                              1425                   1550                     125 TOTAL ASSETS                                 2400                   2600…

The balance sheet of Computer World reports total assets of $350,000 and $450,000 at the beginning and end of the year, respectively. Sales revenues are $800,000, net income is $100,000, and net cash flows from operating activities are $150,000. What is Computer World's cash return on assets? Multiple Choice 37.5% 25.0% 33.3% 42.9%

Calculate the Cash Flows in the Statement of Cash Flows below from the provided Balance sheet and Income Statement BALANCE SHEET (in millions of dollars) INCOME STATEMENT (in millions of dollars) 2015 2014 2015 2014 Assets Net sales $3,000.0 $2,850.0 Cash and equivalents 10 $ 80 Operating costs except depreciation and amortizatio 2,616.2 2,497.0 90.0 100.0 Accounts receiva ble 375 315 Depreciation and amortization $ 283.8 $ 263.0 Inventories 615 415 Earnings before interest and taxes (EBIT) Total current asse ts $ 1,000 $ 810 Less interest 88.0 60.0 $ 195.8 $ 203.0 Net plant and equipment 1,000 870 Earnings before taxes (EBT) $ 2,000 1,680 Total assets Taxes 78.3 81.2 117.5 $ 121.8 Net income Liabilities and Equity Common dividends 57.5 53.0 Addition to re tained earnings Accounts payable $ $ 60 $ 30 60.0 $ 68.8 Accruals 140 130 Notes payable 110 60 Tax rate 40% 40% 310 $ Total current liabilities 220 Long-term bonds 750 580 $ 1,060 $ Total liabilities 800 Common stock (50,000,000…

Statement of Cash Flows (Indirect Method) The Wolff Company's income statement and comparative balance sheets at December 31 of 2013 and 2012 are shown below: WOLFF COMPANY Income Statement For the Year Ended December 31, 2013 Sales Revenue $698,500 Cost of Goods Sold $473,000 Wages Expense 94,600 Insurance Expense 8,800 Depreciation Expense 18,700 Interest Expense 9,900 Income Tax Expense 31,900 636,900 Net Income $61,600 WOLFF COMPANY Balance Sheets Dec. 31, 2013 Dec. 31, 2012 Assets Cash $12,100 $5,500 Accounts Receivable 45,100 35,200 Inventory 99,000 66,000 Prepaid Insurance 5,500 7,700 Plant Assets 275,000 214,500 Accumulated Depreciation (74,800) (56,100) Total Assets $361,900 $272,800 Liabilities and Stockholders'' Equity Accounts Payable $7,700 $11,000 Wages Payable Income Tax Payable 9,900 6,600 7,700 8,800 Bonds Payable 143,000 82,500 Common Stock 99,000 99,000 Retained Earnings 94,600 64,900 Total Liabilities and Stockholders' Equity $361,900 $272,800 Cash dividends of…