Reference no: EM132858328
Question - Use the following information for Allied Food:
|
|
2019
|
2018
|
|
Common Stock and other paid in capital
|
614
|
644
|
|
Cash and Marketable Securities
|
1651
|
1716
|
|
Other Assets
|
4670
|
6888
|
|
Sales
|
35753
|
|
|
Debt Due for Repayment
|
274
|
2889
|
|
Accounts Receivables
|
3725
|
3261
|
|
Cost of Goods Sold
|
15762
|
|
|
Accounts Payables
|
5271
|
5357
|
|
Inventories
|
1926
|
1693
|
|
Selling, General, and Admin Expenses
|
11357
|
|
|
Long Term Debt
|
2550
|
2313
|
|
Deferred Income Taxes
|
528
|
1434
|
|
Other Current Assets
|
1828
|
3784
|
|
Depreciation
|
1406
|
|
|
Gross Plant, Property, and Equipment
|
19058
|
16646
|
|
Other Long term Liabilities
|
4624
|
4323
|
|
Accumulated Retained Earnings
|
22591
|
18803
|
|
Accumulated Depreciation
|
9371
|
7965
|
|
Interest Expense
|
239
|
|
|
Taxes
|
1347
|
|
|
Goodwill
|
4594
|
4088
|
|
Other intangible Assets
|
1849
|
1616
|
|
Addition to Retained Earnings
|
3788
|
|
|
Other Current Liabilities
|
1315
|
1160
|
|
Treasury Stock Buyback
|
(7837)
|
(5196)
|
Hint: Treasury stock buyback represents the amount Allied spent on buying back its shares. The money used to repurchase them goes out of the firm and reduces shareholder's equity.
Required -
(a) Compile an income statement and balance sheet for 2019.
(b) Show the impact of the following line items on the statement of cash flows for 2019. You should show the specific sub-statement, the amount, and the effect on the cash position.
i) Accounts Payables
ii) Other Long Term Liabilities
iii) Common Stock
iv) Dividends
v) Depreciation
vi) Gross plant property and equipment
(c) Ratio analysis: provide the following ratios for Allied Food for 2019
1. Return on Assets
2. Long Term Debt Ratio
3. Days Sales Outstanding Ratio
4. Times Interest Earned Ratio
5. Dividend Payout Ratio
6. Quick Ratio
7. Common size depreciation
8. Profit Margin