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Lesson #1, Assignment #4

# Lesson #1, Assignment #4 - Chapter 2 Cash Flows and...

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Chapter 2 Cash Flows and Financial Statements at Sunset Boards Input area: 2008 2009 Cost of goods sold \$126,038 \$159,143 Cash 18,187 27,478 Depreciation 35,581 40,217 Interest expense 7,735 8,866 24,787 32,352 Accounts payable 32,143 36,404 Net fixed assets 156,975 191,250 Sales 247,259 301,392 Accounts receivable 12,887 16,717 Notes payable 14,651 15,997 Long-term debt 79,235 91,195 Inventory 27,119 37,216 New equity - 15,600 Tax rate 20% Dividend percentage 50% Output area:

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Sales \$247,259 Cost of goods sold 126,038 24,787 Depreciation 35,581 EBIT \$60,853 Interest 7,735 EBT \$53,118 Taxes 10,624 Net income \$42,494 Dividends \$21,247 Addition to retained earnings 21,247 Sales \$301,392 Cost of goods sold 159,143 32,352 Depreciation 40,217 EBIT \$69,680 Interest 8,866 EBT \$60,814 Taxes 12,163 Net income \$48,651 Dividends \$24,326 Addition to retained earnings 24,326 Question 2-A: Balance sheet as of Dec. 31, 2008 Cash \$18,187 Accounts payable \$32,143 Accounts receivable 12,887
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Lesson #1, Assignment #4 - Chapter 2 Cash Flows and...

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