CFS_Quick_Lesson - Integrated Financial Statement Exercise...

Integrated Financial Statement Exercise
Balance Sheet Income Statement 1/1/13-12/31/13 Cash Flow Statement 1/1/13-12/31/13
12/31/12 12/31/13
ASSETS Net Revenues 1,340.30 Net Income 422.70
Cash and equivalents 34.60 Cost of Goods Sold (COGS) 432.40 Depreciation and amortization
Accounts Receivable 74.80 82.40 Selling, general, & Administrative 123.40 Changes in working capital
Inventories 132.60 145.70 Research and development 56.30 Accounts Receivable
Total Current Assets 242.00 20.00 Inventories
Other operating expenses 12.30 Accounts payable
PP&E 212.70 259.30 Net Interest expense 45.60 Deferred taxes
Goodwill & Intangibles 34.20 42.50 Pretax income 650.30 Cash from operations
Deferred Taxes 12.60 34.60 Income tax expense (35%) 227.61
Other Long Term Assets 123.90 145.30 Net income 422.70 Capital expenditures
Total Assets 625.40 709.80 31.40 Increases in all other long-term assets
Cash from investing
LIABILITIES
Accounts payable 120.50 130.50 Increase in bank loan
Notes payable 23.50 34.20