Chapter 2 - Mini Case - Financial Statements

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

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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 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 $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
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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...
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This note was uploaded on 05/17/2011 for the course BUS 23 taught by Professor Nelson during the Spring '11 term at Bristol Community College.

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

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