Solution-Construct the cash flow statement for the year 2014

Construct the cash flow statement for the year 2014

Reference no: EM131018304

Use the financial statements to answer below question

Ques : Construct the cash flow statement for the year 2014

Income Statement	2012	2013	2014
Sales Revenues		130,000	150,000
COGS (including Depreciation)		85,800	105,000
Depreciation		20,000	25,000
S&A Expenses		15,000	18,000
Operating Income		29,200	27,000
Interest Expense		12,000	15,000
Taxable Income		17,200	12,000
Income Tax (40%)		6,880	4,800
Net Income		10,320	7,200

Balance Sheet	2007	2008	2009
Cash & MS	20,000	30,000	28,000
Accounts Receivable	40,000	50,000	60,000
Inventories	75,000	80,000	100,000
Net PPE	120,000	140,000	160,000
Total Assets	255,000	300,000	348,000
Liabilities
Accounts Payable	50,000	60,000	85,000
Short-term Debt	45,000	72,000	85,000
LT Debt (8% Bonds)	75,000	74,000	80,000
Total Liabilities	170,000	206,000	250,000

Shareholders Equity	85,000	94,000	98,000

Price per share		$85.00	$77.00
No of shares	10,000	10,000	10,000
Dividends Paid		1,320	3,200

Reference no: EM131018304

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Construct the cash flow statement for the year 2014

Reference no: EM131018304

Reference no: EM131018304

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