Fin621 Vuabid

  • May 2020
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Financial Statement for XYZ Company

I.D:

AS on December, 31

A C

Assets cash Accunts Receivable Inventory Plant & Equipment Accumulated Depreciation Total Assets

2008 4000 36000 75000 210000 -40000 285000

2007 493000 29000 61000 180000 -30000 733000

LIABILITIES & STOCKHOLDER’S EQUITY: Accounts Payable Common Stock Retain Earnings Total Liabilities & Stockholder’s equity

45000 39000 90000 556000 150000 138000 285000 733000

For 2008, the company reported net income as follows: XYZ Company Income Statement For the year ended 31 st December, 2008 Sales Less cost of goods Sold Gross Margin Less Operating Expenses Net Income

B D E F

Current Assets Current Liabilities current Ratio for 2007 Average Inventory Inventoy Turnover Ratio Dividend Cash Flow From Operating Activities Cash Flow From Investing Activities Cash Flow From Financing Activities Increase/Decrease in Cash

500000 300000 200000 180000 20000 583000 39000 14.95 68000 4.41 Times 173000 526000 478000 174000 222000

cash payment for merchandise

292000

s follows:

Difference -489000 7000 14000 30000 -10000 -448000

6000 -466000 12000 -448000

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