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