Managerial Accounting: Tools for Business Decision Making
7th Edition
ISBN: 9781118334331
Author: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Publisher: WILEY
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Chapter 13, Problem 13.9E
(a)
To determine
Cash Flow Statement:
Cash Flow Statement is a fundamental financial statement that renders valuable information regarding the
The cash flow statement also provides information regarding the net cash change that occurred during a period, classifying the activities into three categories those are cash from operating activities, investing, and financing activities.
In operating activities, cash affected transactions only recorded. In investing activities, investing transactions are recorded and in financial activities involve
To prepare: The statement of cash flows for 2017 using the indirect method.
(b)
To determine
Free cash flow describes the net cash provided from operating activities after making required adjustments for dividends and capital expenditures. In other words, it is the cash flow arrived after making payment for capital expenditures and dividend payments.
To determine: The free cash flow.
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Students have asked these similar questions
The Murdock Corporation reported the following balance sheet data for 2018 and 2017:
2018
2017
Cash
$
98,465
$
34,355
Available-for-sale debt securities (not cash equivalents)
25,000
104,000
Accounts receivable
99,000
85,350
Inventory
184,000
162,100
Prepaid insurance
3,210
3,900
Land, buildings, and equipment
1,288,000
1,144,000
Accumulated depreciation
(629,000
)
(591,000
)
Total assets
$
1,068,675
$
942,705
Accounts payable
$
93,440
$
167,670
Salaries payable
27,600
34,000
Notes payable (current)
42,100
94,000
Bonds payable
219,000
0
Common stock
300,000
300,000
Retained earnings
386,535
347,035
Total liabilities and shareholders' equity
$
1,068,675
$
942,705
Additional information for 2018:
(1.) Sold available-for-sale debt securities costing $79,000 for $85,400.
(2.)…
Wiemers Corporation’s comparative balance sheets are presented below.
WIEMERS CORPORATIONBalance SheetsDecember 31
2017
2016
Cash
$ 3,400
$ 4,000
Accounts receivable (net)
21,700
23,400
Inventory
10,200
7,500
Land
20,100
25,600
Buildings
69,700
69,700
Accumulated depreciation—buildings
(15,500
)
(10,700
)
Total
$109,600
$119,500
Accounts payable
$ 12,000
$ 31,400
Common stock
75,600
69,200
Retained earnings
22,000
18,900
Total
$109,600
$119,500
Wiemers’s 2017 income statement included net sales of $107,000, cost of goods sold of $59,700, and net income of $15,100.Compute the following ratios for 2017. (Round Debt to assets ratio to 1 decimal place, e.g. 1.6, or 1.6% and all other answers to 2 decimal places, e.g. 1.64, or 1.64% .)
(a)
Current ratio
enter your answer rounded to 2 decimal places
:1
(b)
Acid-test ratio…
JUST DEW IT CORPORATION2017 and 2018 Balance Sheets
Assets
Liabilities and Owners' Equity
2017
2018
2017
2018
Current assets
Current liabilities
Cash
$ 10,150
$ 10,350
Accounts payable
$ 74,500
$ 61,250
Accounts receivable
27,100
27,250
Notes payable
48,500
49,250
Inventory
62,900
63,500
Total
$ 123,000
$ 110,500
Total
$ 100,150
$ 101,100
Long-term debt
$ 59,400
$ 64,900
Owners' equity
Common stock and paid-in surplus
$ 80,000
$ 80,000
Fixed assets
Retained earnings
171,750
192,700
Net plant and equipment
$ 334,000
$ 347,000
Total
$ 251,750
$ 272,700
Total assets
$ 434,150
$ 448,100
Total liabilities and owners' equity
$ 434,150
$ 448,100
Based on the balance sheets given for Just Dew It, calculate the following…
Chapter 13 Solutions
Managerial Accounting: Tools for Business Decision Making
Ch. 13 - (a) What is a statement of cash flows? (b) Mark...Ch. 13 - Prob. 2QCh. 13 - Prob. 3QCh. 13 - Prob. 4QCh. 13 - Prob. 5QCh. 13 - Prob. 6QCh. 13 - Prob. 7QCh. 13 - Contrast the advantages and disadvantages of the...Ch. 13 - Prob. 9QCh. 13 - Prob. 10Q
Ch. 13 - Prob. 11QCh. 13 - Prob. 12QCh. 13 - Prob. 13QCh. 13 - Prob. 14QCh. 13 - Prob. 15QCh. 13 - During 2017. Doubleday Company converted 1,700.000...Ch. 13 - Prob. 17QCh. 13 - Prob. 18QCh. 13 - Prob. 19QCh. 13 - Prob. 20QCh. 13 - Prob. 21QCh. 13 - Prob. 13.1BECh. 13 - Classify items by activities. (LO 1), C Classify...Ch. 13 - Prob. 13.3BECh. 13 - Prob. 13.4BECh. 13 - Prob. 13.5BECh. 13 - Prob. 13.6BECh. 13 - Prob. 13.7BECh. 13 - Prob. 13.8BECh. 13 - Prob. 13.9BECh. 13 - Prob. 13.10BECh. 13 - The management of Morrow Inc. is trying to decide...Ch. 13 - Prob. 13.12BECh. 13 - Prob. 13.13BECh. 13 - Prob. 13.14BECh. 13 - Prob. 13.1DICh. 13 - Prob. 13.2DICh. 13 - Prob. 13.3DICh. 13 - Tabares Corporation had these transactions during...Ch. 13 - An analysis of comparative balance sheets, the...Ch. 13 - Cushenberry Corporation had the following...Ch. 13 - Prob. 13.4ECh. 13 - The current sections of Scoggin Inc.s balance...Ch. 13 - Prob. 13.6ECh. 13 - Rojas Corporations comparative balance sheets are...Ch. 13 - Here are comparative balance sheets for Velo...Ch. 13 - Prob. 13.9ECh. 13 - Compute net cash provided by operating...Ch. 13 - Suppose a recent income statement for McDonalds...Ch. 13 - Compute cash flow from operating activitiesdirect...Ch. 13 - The following information is taken from the 2017...Ch. 13 - You are provided with the following transactions...Ch. 13 - The following account balances relate to the...Ch. 13 - The income statement of Whitlock Company is...Ch. 13 - Prob. 13.4APCh. 13 - Prob. 13.5APCh. 13 - Prob. 13.6APCh. 13 - Prob. 13.7APCh. 13 - Prob. 13.8APCh. 13 - Prob. 13.9APCh. 13 - Prob. 13.10APCh. 13 - Prob. 13.11APCh. 13 - Prob. 13.1BYPCh. 13 - Prob. 13.2BYPCh. 13 - Comparative Analysis Problem: Amazon.com, Inc. vs....Ch. 13 - Prob. 13.4BYPCh. 13 - Prob. 13.5BYPCh. 13 - Prob. 13.7BYPCh. 13 - Ethics Case Wesley Corp. is a medium-sized...Ch. 13 - Prob. 13.9BYP
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