question archive Using the information from 22-16, create a cash flow statement for 2016
Subject:FinancePrice:2.86 Bought19
Using the information from 22-16, create a cash flow statement for 2016. Cash Flow Statement
Bristle Brush-Off Corporation: Income Statements for Years Ended December 31 (5000s) 2016 2015 Sales Cost of goods sold Other expenses Depreciation Earnings before interest and taxes Interest Earnings before taxes Taxes (25%) Net Income $7,950 5,100 350 750 1,750 654 1,096 274 $ 822 $7,000 4,000 500 600 1,300 500 800 200 $ 600 Bristle Brush-Off Corporation: Balance Sheets as at December 31 (5000s) 2016 2015 $ 60 380 1,950 40 $ 40 0 2,140 40 2,760 4.980 7,750 3,430 $4,320 $9,300 2,400 4,830 6,350 2,680 $3,670 $6,500 Assets Cash Short-term investments Accounts receivable Prepaid expenses Inventory Total current assets Gross plant property & cquipment Less: Accumulated depreciation Net plant property de equipment Total assets Liabilities and Equity Accounts payable Notes payable Accruals Total current liabilities Long-term debt Common stock (400,000 shares) Retained camnings Total cquity Total liabilities and equity Stock price WACC $2,890 9013 $2,580 1,050 70 3,700 85 3,878 500 500 3,200 1.722 4,922 $9,300 3,200 1,100 4,300 $8,500 $20 13% $18.70 13%
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