You are given the following financial statement extracts of

Assignment Help Corporate Finance

Reference no: EM13382444

You are given the following financial statement extracts of Morgan trading ltd.

Statement of comprehensive income for the year ended 30 June 2014

Sales		$156,900
Cost of sales		$75,800
Gross profit		$81,100
Depreciation expense		$8,500
Interest expense	$3,400
Other expenses	$27,800	$39,700
Net profit before tax		$41,400
Income tax expense		$12,420
Net profit after tax		$28,980

Statement of financial position extract as at 30 June 2013 and 2014

		Yr 2013	Yr 2014
Current assets	Prepaid expenses (other)	$450	$780
	Accounts receivable	$8,760	$7,990
	Inventory	$17,630	$21,750
Current Liabilities	Accounts payable	$14,770	$12,980
	Accrued interest	$950	$730
	Income tax payable	$9,800	$12,420

REQIRED:

Using the indirect method, compute the following cash flow amounts for Morgan trading ltd. for the year ended 30^th June 2014.

A. Cash receipts from customers

B. Cash paid to suppliers and employees

C. Interest paid

D. Income tax paid

E. Net cash provided by operating activities

Reference no: EM13382444

Questions Cloud

Question 1construct a pro forma income statement for the : question 1construct a pro forma income statement for the first year and second year for the following

1 a if there is 10 inflation in mexico 15 inflation in : 1. a if there is 10 inflation in mexico 15 inflation in turkey and the turkish lira weakens by 20 relative to the

Eastern electronicseastern electronics headquartered out of : eastern electronicseastern electronics headquartered out of berlin germany was a cottage industry that prospered after

Hi view ltd statement of comprehensive income for the year : hi view ltd. statement of comprehensive income for the year ended 31st december 2011 and 2012 and the statement of

You are given the following financial statement extracts of : you are given the following financial statement extracts of morgan trading ltd.statement of comprehensive income for

The statement of cash flows represents a reconstruction : the statement of cash flows represents a reconstruction from the other financial reports and therefore does not provide

Questionseveral income items have been classified : questionseveral income items have been classified differently in the statement of cash flow over time and worldwide.

There are two methods of calculating cash flow from : there are two methods of calculating cash flow from operating activities the direct method gross flows and the indirect

1 a random sample of size 100 was taken from a population a : 1 a random sample of size 100 was taken from a population. a 94 confidence interval to estimate the mean of the

User Account

All Pages