Cash Flow Statement Preparation

Cash Flow Statement Preparation - $557,632 $1,977,152 Total...

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2009 2010 Year-end common stock price $6.00 $12.17 Year-end shares outstanding 100,000 250,000 Tax rate 40% 40% Balance Sheets Assets 2009 2010 Cash and equivalents $7,282 $14,000 Short-term investments $20,000 $71,632 Accounts receivable $632,160 $878,000 Inventories $1,287,360 $1,716,480 Total current assets $1,946,802 $2,680,112 Gross Fixed Assets $1,202,950 $1,220,000 Less Accumulated Dep. $263,160 $383,160 Net Fixed Assets $939,790 $836,840 Total Assets $2,886,592 $3,516,952 Liabilities and equity Accounts payable $324,000 $359,800 Notes payable $720,000 $300,000 Accruals $284,960 $380,000 Total current liabilities $1,328,960 $1,039,800 Long-term bonds $1,000,000 $500,000 Total liabilities $2,328,960 $1,539,800 Common stock $460,000 $1,680,936 Retained earnings $97,632 $296,216 Total common equity
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Unformatted text preview: $557,632 $1,977,152 Total liabilities and equity $2,886,592 $3,516,952 Income Statements 2009 2010 Net sales $5,834,400 $7,035,600 Costs of Goods Sold $4,980,000 $5,800,000 Other Expenses $720,000 $612,960 Depreciation $116,960 $120,000 Total Operating Cost $5,816,960 $6,532,960 Earnings before interest and taxes (EBIT) $17,440 $502,640 Less interest $176,000 $80,000 Earnings before taxes (EBT) ($158,560) $422,640 Taxes (40%) ($63,424) $169,056 Net Income ($95,136) $253,584 DPS $0.110 $0.220 Book Value Per Share $5.576 $7.909 A B C D E 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48...
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This note was uploaded on 02/27/2012 for the course BUS 510 taught by Professor Mehdi during the Spring '11 term at University of La Verne.

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