RelativeResourceManager2

RelativeResourceManager2 - Shapter 15 Sales Cost of goods...

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Unformatted text preview: Shapter 15 ' Sales .' ....... ; ..... ,; .............. - Cost of goods sold .................. _ Gross margin. . . . ; ..... . ............ Sailing and administratiye expenses. . .’ . . 4 Netcperati'ng income ..... - ......... ' Néhoperating items: Gain on sale bfjnvestments ...... I. . . ' $60,000 20,000- Loss on sale of equipment. . .> . ....... Income before taxes ............... .. "incomataxes..................- ..... 3, Net income .« .‘ .......... . .......... , 3703000, $693,000 Totalas fs' -' : Liabilities and Siockhoidersifiquity f Current liabilities: $123,000 Accdiints payable, .................. ' Accrued liabimias. . ................ . 8,000 Totai current liabilities . . ., .............. 131,000 . Bonds payabie. . ; ..... 'H ,0, ..... 70,000 _ Deferred income taxes 0 (2,, ....... 20,000 Total'fiabilities ........ ‘ ........... .. .. . 221,000 Stockholders? equity: _ ‘ . _ Prefeerrd stock . '. . . ... i . . . . . . I ..... V 80,000 V Mgommon'stcck _ Rétained- earnings ............ '. ...... > Totalstockhdldér's’equity .............. 472,000:._ _ $693,000 Totailiabilifiec and stockholders’lequity. .' . . - $2,000,000 1,300,000 . 700,000., 490,000 __..__——-———— 210,000 7_ 40,000 A 250,000 ‘ 30,000 - .._...__.——-—~ $ 170,000 ', _-_,.———-—— 0520 000;: ' 36000063593? % ' 17,000L 77,000 , all 3 PROBLEM 15—12 Missing Data, Below are listed the changes in Yoric ‘ a. b. “Compute free cash 4 Exp am the major reasons for fix ",wa wel'lem l Doing?” Cost of goods sold ................... 'Gr‘ossmargin ....... Selling and administrative expenses ..... V Net operating income ................. M WNonoperating items: .ny i, Gain on sale of investments . 1 Loss on sale 0 e uipment. . an M ”if,” . ' W income before taxes ,. . . . . ‘ r ; ./, 1' , ,4 ' ., f’i y _ @ Cash . ; . . . .; .......... Accounts receivable . . . ........ 110,000 ilnventory ......... Prepaid expenses ............. - . . Long- -term loans to subsidiaries. Long-term investments ........... 80,000 Plant and eqUipment ............. 220,000 - Accumulated depreciation ........ Accounts payable ............... Accrued lia0ilities ............... 9,000 Bonds payable ................. Deferred indome taxes ........... Common stock ................. 170,000 Retained earnings ............... ‘ $006,000 - 3:50.000 and it had $37, 000 in accumul Statemen _ f-.Cash Flows (Indirect Method) 0.02,. L03] ' ' any 5 balance sheet accounts for the past year r? $10,000 «5? , 2,000 ~— T he following additional information is available about last year’s activities: Net income for the year was $ The company sold equipment during the year for $15, 000. The equipment originally cost ated depreciation at the time of sale Statement of Cash Flows $05,000 ». '- 8,000 30,000 * 5,000 32,000 - 400,000 16,000 50,000 $606,000 ...
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