Chapter 2 Solutions

91 chapter 2 question 10 input area dec 31 2009

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Unformatted text preview: Input area: Dec. 31, 2009 Current assets $1,015 Dec. 31, 2009 Current liabilities 870 Dec. 31, 2010 Current assets $1,230 Dec. 31, 2010 Current liabilities 905 Output area: Change in $180 net working capital Beginning Working Capital $145 Ending Working Capital $325 Change $180 Chapter 2 Question 14 Input area: Sales $153,000 Costs 81,900 Other expenses 5,200 Depreciation expense 10,900 Interest expense 8,400 Taxes 16,330 Dividends 7,200 New equity $2,600 Net new long-term debt (3,900) Increase in fixed assets 20,250 Output area: Income Statement Sales $153,000 Costs 81,900 Other expenses 5,200 Depreciation expense 10,900 EBIT $55,000 Interest expense 8,400 EBT $46,600 Taxes 16,330 Net income $30,270 Dividends $7,200 Addition to retained23,070 earnings a. Operating cash flow $49,570 b. Cas...
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