lect53f10 - 3-1CHAPTER 3Financial Statements, Cash Flow,...

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Unformatted text preview: 3-1CHAPTER 3Financial Statements, Cash Flow, and TaxesBalance sheet Income statementStatement of cash flowsAccounting income vs. cash flowEVAFederal tax system3-2The Annual Report a review of acct 101Balance sheet provides a snapshot of a firms financial position at one point in time.Income statement summarizes a firms revenues and expenses over a given period of time.Statement of retained earnings shows how much of the firms earnings were retained, rather than paid out as dividends.Statement of cash flows reports the impact of a firms activities on cash flows over a given period of time.3-3Balance Sheet: Assets CashA/RInventoriesTotal CAGross FALess: Dep.Net FATotal Assets 20027,282 632,1601,287,3601,926,8021,202,950 263,160 939,7902,866,592 200157,600351,200 715,2001,124,000491,000 146,200 344,8001,468,8003-4Balance sheet: Liabilities and EquityAccts payableNotes payableAccrualsTotal CLLong-term debtCommon stockRetained earningsTotal EquityTotal L & E 2002524,160 636,808 489,6001,650,568723,432460,000 32,592 492,5922,866,592 2001145,600200,000 136,000481,600323,432460,000 203,768 663,7681,468,8003-5Income statementSalesCOGSOther expensesEBITDADepr. & Amort.EBITInterest Exp.EBTTaxesNet income 20026,034,000 5,528,000 519,988(13,988) 116,960(130,948) 136,012(266,960) (106,784) (160,176) 20013,432,0002,864,000 358,672209,328 18,900190,428 43,828146,600 58,640 87,9603-6Other dataNo. of sharesEPSDPSStock price2002100,000-$1.602$0.11$2.252001100,000$0.88$0.22$8.503-7...
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This note was uploaded on 10/05/2011 for the course FIN 350 taught by Professor Chen during the Spring '07 term at S.F. State.

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lect53f10 - 3-1CHAPTER 3Financial Statements, Cash Flow,...

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