Ch_03_Inclass_Exercises_Solutions

Ch_03_Inclass_Exercises_Solutions - Ch 03 Inclass Exercises...

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Ch 03 Inclass Exercises Solutions Chapter 03 Inclass Exercise Statement of Changes Income Statement Year 2 Statement of Cash Flows Year 2 Revenues 3,000 Cash, beginning of year 50 Cost of Goods Sold 2,000 Operating Activity Other Expenses 0 Net Income 320 EBITDA 1,000 Depreciation 250 Depreciation 250 Chg in A/R -20 EBIT 750 Chg in Inventory -25 Interest Expense 130 Chg in A/P 40 Taxable Income 620 Net Cash from Operations 565 Taxes 300 Net Income 320 Investment Activity Purchase/Sale of Fixed Assets -420 Dividends 120 Net Cash from Investments -420 Addition to RE 200 Financing Activity Balance Sheet Chg in Notes Payable -20 Assets Year 1 Year 2 chg Chg in LT Debt -25 Cash 50 80 30 Chg in CS 50 A/R 165 185 20 Dividends Paid -120 Inventory 400 425 25 Net Cash from Financing -115 Total Current Assets 615 690 75 Net Fixed Assets 2,730 2,900 170 Net Change in Cash 30 Total Assets 3,345 3,590 245 Cash End of Year 80 Liabilities and Equity Year 1 Year 2 chg A/P 310 350 40
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This note was uploaded on 11/29/2011 for the course FINANCE 332 taught by Professor Linney during the Fall '11 term at Guilford Tech.

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Ch_03_Inclass_Exercises_Solutions - Ch 03 Inclass Exercises...

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