The following information is available for Leah Company: 12.31.2021 12.31.2020 Cash P1,400,000 P1,000,000 Retained earnings 5,500,000 5,000,000 Cash flow from operating activities ? Cash flow from investing activities (4,800,000) Cash flow from financing activities (2,800,000) Dividends declared and paid 1,500,000 Net income 2,000,000 How much was the cash flow from operating activities?
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- Use the following information to answer all accounting questions Category Accounts payable Accounts receivable Accruals Additional paid in capital Cash Common Stock @ par value COGS Depreciation expense Interest expense Inventories Long-term debt Net fixed assets Notes payable Operating expenses (excl. depr.) Retained earnings Sales Taxes 2020 1726 2812 705 2000 4028 170 1755 99 185 2574 8754 8312 750 799 3621 4338 450 2021 1120 2254 800 2300 175 2056 120 271 1829 8245 10254 547 1021 4021 5768 690Swifty Ltd. had the following 2023 income statement data: Revenues Expenses 1/1/23 Revenues $113,000 In 2023, Swifty had the following activity in selected accounts: 12/31/23 49,200 $63,800 Accounts Receivable 19,100 113,000 34,780 1,320 Write-offs 96,000 Collections Allowance for Expected Credit Losses Write-offs 1.320 Swifty Ltd. Statement of Cash Flows (Indirect Method) 1,300 1.540 1.520 1/1/23 Loss on impairment 12/31/23 Prepare Swifty's cash flows from operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a negative sign e.g. -10,000 or in parenthesis eg. (10,000).From the following balance sheet of S Ltd as on 31st March, 2008 and 2009, prepare cash flow statement. ParticularsNote no. 31st March, 200831st March, 2009 I. Equity & Liabilities 1. Shareholder's Funds (a) Share Capital 400000700000 (b) Reserve & Surplus (bal. in statement of profit & loss) -50000-320000 2. Non-current Liabilities Long-term Borrowings (9% debentures) 200000400000 3. Current Liabilities (a)Trade Payables (creditors) 110000150000 (b)Other Current Liabilities (expenses) 1000020000 Total 670000950000 II. Assets 1. Non-current Assets (a) Fixed Assets 300000500000 (b) Non-current Investments 200000140000 2. Current Assets (a)Inventories (stock) 50000100000 (b)Trade Receivables (Debtors) 100000170000 (c) Cash & Cash Equivalents 2000040000 Total 670000950000 Additional InformationI. Included in fixed assets was a piece of machinery costing Rs 70,000 on which depreciation charged was Rs 40,000 and it was sold for Rs 30,000.II. During the year,…
- Question 3. Use the following information for Tesconi. Draw up a balance sheet, income statement, cash flow statement for this company in 2023. Account 2023 2022 Sales 366996 32220 253122 14300 24255 15235 Depreciation Cost of good sold Interest Cash A/R N/P L-T Debt Other CL Common stock and paid-in surplus Accumulated retained earnings Net FA A/P Inventory Taxe rate Dividend 10800 95000 15553 40000 365734 27420 27155 20000 35% 24046 12448 12000 80000 11571 40000 219826 324695 23184 25392The balance sheet of Koehn, Incorporated, has the following balances: Cash Accounts receivable Inventory Beginning balance $ 30,300 48,200 126,500 611,900 Ending balance 43,200 415,000 $ 32,800 51,600 129,200 574,300 53,600 304,200 Net fixed assets Accounts payable Long-term debt What is the amount of the change in net working capital?Use the following balance sheet data to compute the net operating working capital. Cash Accounts Receivable Inventory Current Assets Net fixed assets Total assets $60 160 200 $420 $700 $1,120 Account payable Accruals Notes payable Current liabilities Long-term debt Common equity Retained earnings Total liabilities and equity $180 110 200 $490 250 160 220 $1,120
- Use the following balance sheet and income statement to calculate the firm's return on equity: Balance Sheet Assets: Cash Accounts Receivable Inventories Land Other Fixed Assets Liabilities & Owners' Equity Accounts Payable Long Term Debt Common Stock Paid in Capital Retained Earnings 30.3% 28.0% 27.5% O 45.1% 36.2% $9,000 26,000 19,500 49,000 70,000 12,000 53,400 2,000 80,000 26,100 Income Statement Sales (all credit) Cost of Goods Sold Operating Expenses Depreciation Interest Expense Taxes $255,000 (153,000) (45,000) (3,000) (9,000) (15,300)Data pertaining to the current position of company are as follows:Cash $ 800,000Marketable securities 550,000Accounts and notes receivable (net) 850,000Inventories 700,000Prepaid expenses 300,000Accounts payable 1,200,000Notes payable (short-term) 700,000Accrued expenses 100,000Compute:(a) the working capital, (b) the current ratio(c) the quick ratioData pertaining to the current position of Lucroy Industries Inc. follow:Cash $ 800,000Marketable securities 550,000Accounts and notes receivable (net) 850,000Inventories 700,000Prepaid expenses 300,000Accounts payable 1,200,000Notes payable (short-term) 700,000Accrued expenses 100,000Instructions1. Compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. Round ratios in parts b through j to one decimal place.2. List the following captions on a sheet of paper:Transaction Working Capital Current Ratio Quick RatioCompute the working capital, the current ratio, and the quick ratio after each of the…
- Huluduey Corporation's comparative balance sheet for current assets and liabilities was as follows: Line Item Description Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $17,500 $12,500 Inventory 51,650 44,200 Accounts payable 8,480 5,100 Dividends payable 9,480 6,100 Adjust net income of $75,800 for changes in operating assets and liabilities to arrive at net cash flows from operating activities.The following selected information is shown in the financial statements of CCC Company: Cash and cash equivalents205,000 Prepaid expense100,000 Inventories150,000 Trade and other receivables180,000 Total Non-Current Assets1,800,000 Total Liabilities1,500,000 Shareholders` Equity1,000,000 Net Sales1,300,000 In the common size statement of financial position, prepaid expense will have a proportional percentage of? The Gross Profit of BBB Company for the year ended December 31, 2016 id 65% with an absolute value of 850,000. The operating expenses has a proportional percentage of 20%. How much is the absolute peso amount of the operating expenses?We are given the following information for Pettit Corporation. Sales (credit) Cash Inventory Current liabilities Asset turnover Current ratio Debt-to-assets ratio Receivables turnover $2,068,000 150,000 923,000 763,000 a. Accounts receivable b. Marketable securities c. Capital assets. d. Long-term debt $ Current assets are composed of cash, marketable securities, accounts receivable, and inventory. Calculate the following balance sheet items: LA LA LA $ $ 1.00 times 2.60 times $ 40 % 4 times 517000