Create a statement of cash flows

Assignment Help Financial Management

Reference no: EM132043134

Using the financial statements for Luckyspot Corp, create a Statement of Cash Flows in the space below. Be sure I can easily read your answers.

Balance Sheet
	Luckyspot Corp
	For period ending 12/31/14'

	ASSETS
	12/31/2013	12/31/2014
Cash	$ 955	$ 980
Receivables	$3,103	$3,570
Inventory	$2,890	$3,033
CURRENT ASSETS	$6,948	$7,583

Fixed Assets
Gross	$5,800	$6,650
Accum Dep	($1,150)	($1,750)
Net	$4,650	$4,900

Total Assets	$11,598	$12,483

	LIABILITIES and EQUITY
Accts Payable	$1,860	$1,650
Accurals	$385	$742
CURRENT LIABILITIES	$2,245	$2,392

Long-term Debt	$7,805	$7,891
Equity	$1,548	$2,200
TOTAL CAPITAL	$9,353	$10,091

TOTAL LIABILITES	$11,598	$12,483
and EQUITY

	Income Statement
	Luckyspot Corp
	For period ending 12/31/14

Revenue	$17,850
COGS	$9,100
Gross Margin	$8,750
Expenses	$5,780
EBIT	$2,970
Interest	$800
EBT	$2,170
Tax	$868
NET INCOME	$1,302

ALL FIGURES are in $1,000's. Divdends of $650 were paid out and no stock was sold. OMIT the three zeros in your values.

Answer the following:

A. What is the amount of the Change in Current Account?

B. What is the amount of the Change in Operating Activities?

C. What is the amount of the Change in Investing Activities?

D. What is the amount of the Change in Financing Activities?

E. What is the amount of the Net Cash Flow?

F. Show your reconcilation calculation.

Reference no: EM132043134

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