AFB Lecture 3 Solution Spreadsheet DR Feelgood.xlsx - D.R Feelgood Limited Simple Cash Flow Statement for Year 2 Cash inflows £000s Cash from Debtors

AFB Lecture 3 Solution Spreadsheet DR Feelgood.xlsx - D.R...

This preview shows page 1 out of 1 page.

D.R. Feelgood Limited D.R. Feelgood Limited Simple Cash Flow Statement for Year 2 Income Statement for Year 2 £000s Cash inflows £000s Revenues 170 Cash from Debtors 180 less Cost of goods sold 85 180 Gross Profit 85 Cash outflows less Paid suppliers 70 Wages 40 Paid tax bill 3 Various expenses 10 Wages paid 40 Depreciation 10 Various expenses paid 10 Operating profit (EBIT) 25 Bank interest paid 5 less Interest 5 Loan re-payment 10 Profit before Tax (Net Profit) 20 138 less Tax 6 Net cash flow for Year 2 42 Profit for Year (for owners) 14 Opening balance
Image of page 1

Unformatted text preview: 95 Closing balance 137 D.R. Feelgood Limited Balance sheet at end of Year 2 Assets Non-current assets Equipment at net book value 30 Current assets Inventory (stock) 5 Debtors (receivables) 10 Cash & Bank 137 152 Total assets 182 Equity Ordinary share capital 100 Reserves 2 + 14 16 116 Liabilities Non-current liabilities Bank loan 40 Current liabilities Creditors for inventory 20 Tax payable 6 26 Total Liabilities 66 Total equity + liabilities 182...
View Full Document

  • Winter '12

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Ask Expert Tutors You can ask You can ask ( soon) You can ask (will expire )
Answers in as fast as 15 minutes