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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.

 

 

         

 

Solution
5 (1 Ratings )

Solved
Finance 1 Week Ago 3 Views
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