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If you were Given that Depreciation expenses = 3
If you were Given that Depreciation expenses = 3.6 and Net Income = 10.6 And the following information in the table. Prepare a statement of cash flows. Assets 2014 2013 Liabilities and 2014 2013 stockholders equity Current Current Assets liabilities Cash 3.6 58.5 Accounts 87.6 73.5 payable Accounts 55.5 39.6 Notes Payable 10.5 9.6 Receivables Inventories 45.9 42.9 Current 39.9 36.9 maturities of other debt Other current 6 Other current 6 12 assets liabilities Long Term Long term liabilities Land 66.6 62.1 Long term- 239.7 168.9 debt Buildings 109.5 91.5 Deferred taxes 22.8 22.2 Equipment 119.1 99.6 Total long. 262.5 191.1 term liabilities Less (56.1) (52.5) Total 406.5323.1 accumulated liabilities depreciation Net property. 239.1 200.7 Stockholders' 126.6 63.6 plant and equity equipment Goodwill 60 Total 533.1 386.7 liabilities and stockholder's equity Other long- 63 42 term assets Total long- 362.1 242.7 term assets Total assets 533.1 386.7 assets 0
Expert Solution
| Particular | Amount | Amount |
| Cash from Operation | ||
| Net Income | 10.6 | |
| Depriciation | 3.6 | |
| Change in A/R | -15.9 | |
| Change in Inventory | -3 | |
| Change in A/P | 14.1 | |
| Change in N/P | 0.9 | |
| Change in other debt | 3 | |
| Change in deffered tax | 0.6 | |
| Change in other Current Liability | -6 | |
| cash from Opertaion | 7.9 | |
| Cash From Financing Activity | ||
| Change in Long term Debt | 70.8 | |
| Change in Equity | 52.4 | |
| cash from Investing activity | 123.2 | |
| Cash From Investing Activity | ||
| Change in Land | -4.5 | |
| Change in Building | -18 | |
| Change in Equipment | -19.5 | |
| Change in Goodwill | -60 | |
| Change in other long term asset | -21 | |
| cash from Investing activity | -123 | |
| Cash balance in 2013 | 58.5 | |
| cash balance in 2014 | 3.6 |
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