{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Chapter 2 - Mini Case - Financial Statements

Chapter 2 - Mini Case - Financial Statements - $52,401.0 0...

Info icon This preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
1. Sunset Boards, Inc. Income Statement For Years Ending 2008 2009 Sales $247,259.00 $301,392.00 Cost of Goods Sold 126,038.00 159,143.00 Selling & Administrative 24,787.00 32,352.00 Depreciation 35,581.00 40,217.00 EBIT $60,853.00 $69,680.00 Interest 7,735.00 8,866.00 EBT $53,118.00 $60,814.00 Taxes 10,624.00 12,163.00 Net Income $42,494.00 $48,651.00 2. Sunset Boards, Inc. Balance Sheet As of December 31, 2008 Cash $18,187.00 Accounts Payable $32,143.0 0 Accounts Receivables 12,887.00 Notes Payable 14,651.00 Inventory 27,119.00 Current Liabilities $46,794.0 0 Current Assets $58,193.00 Long Term Debt $79,235.0 0 Net Fixed Assets $156,975.00 Owner's Equity 89,139.00 Total Assets $215,168.00 Total Liability & Equity $215,168. 00 Sunset Boards, Inc. Balance Sheet As of December 31, 2009 Cash $27,478.00 Accounts Payable $36,404.0 0 Accounts Receivables 16,717.00 Notes Payable 15,997.00 Inventory 37,216.00 Current Liabilities
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: $52,401.0 0 Current Assets $81,411.00 Long Term Debt $91,195.0 0 Net Fixed Assets $191,250.00 Owner's Equity 129,065.0 Total Assets $272,661.00 Total Liability & Equity $272,661. 00 3. Operating Cash Flow For 2008 $60,853.00 + $35,581.00 - $10,624.00 = $85,810.00 (2008 Cash Flow) For 2009 $69,680.00 + $40,217.00 - $12,163.00 = $97,734.00 (2009 Cash Flow) 4. Cash Flow from Assets Cash Flow from Assets Operating Cash Flow $97,734.00-Net Capital Spending $74,492.00-Change in Net Working Capital $17,611.00 Cash Flow from Assets $5,631.00 5. Cash Flow to Creditors for 2009 Interest Paid $8,866.00-Net New Borrowing 11,960.00 Cash Flow to Creditors-$3,094.00 6. Cash Flow to Stockholders for 2009 Dividends Paid $24,326.00-Net New Equity Raised 15,600.00 Cash Flow to Stockholders $8,726...
View Full Document

{[ snackBarMessage ]}

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