Solution-Develop a statement of cash flows

Develop a statement of cash flows

Assignment Help Cost Accounting

Reference no: EM13488181

Just 4 Kids

Balance Sheet

December 31, 20x7

ASSETS
Cash		$2,600
Accounts Receivable		71,000
Inventory		193,000
Other Current Assets		18,900
Total Current Assets			$285,500
Land		$100,000
Furnishings, Fixtures & Vehicles	$166,000
Less Accumulated Depreciation	-28,500
Furnishings, Fixtures & Vehicles (net)		137,500
Building	400,000
Less Accumulated Depreciation	190,000
Building (net)		210,000
Total Long-Term Assets			447,500
Total Assets			$733,000

LIABILITIES
Accounts Payable		$ 91,500
Short-Term Notes Payable		35,000
Other Current Liabilities		7,000
Total Current Liabilities			$133,500
Long-Term Notes Payable			388,000
Total Liabilities			$521,500
EQUITIES
Capital		$100,000
Retained Earnings		111,500
Total Equities			$211,500
Total Liabilities and Equity			$733,000

Required (utilizing Excel):

1. Develop a Statement of Cash Flows for Just 4 Kids for the year ending December 31, 20x7.

2. Analyze the performance of Just 4 Kids based on the financial statements.

3. If you were Bill, how would you explain the issues, which could be brought up from the analysis completed in parts 1 & 2?

4. If you were Nick, would you approve the loan for Bill? Why or why not?

Reference no: EM13488181

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Develop a statement of cash flows

Reference no: EM13488181

Reference no: EM13488181

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