Super Grocers, Inc. provided the following financial information for the quarter ending September 30, 2016. Find the net cash flow from operating activites. Depreciation and amortization: $133,414 Net Income: $341,463 Increase in receivables: $112,709 Increase in inventory: $81,336 Increase in accounts payables: $62,411 Decrease in marketable securities: $31,225 Issued new common stock: $3,500 O $343,243 O $374,468 O $308,458 O $312,018
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- Super Grocers, Inc., provided the following financial information for the quarter ending September 30, 2006: Depreciation and amortization – $133,414 Net income – $341,463 Increase in receivables – $112,709 Increase in inventory – $81,336 Increase in accounts payables – $62,411 Decrease in marketable securities – $31,225 What is the cash flow from operating activities generated during this quarter by the firm? a. -$308,458 b. -$374,468 c. $308,458 d. $374,468Use the following information for Taco Swell, Inc. (assume the 2017 2018 Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable $24,049 $19,218 2,526 2,634 6,440 6,881 1,448 1,253 1,1851,400 8,751 9,697 11,638 13,932 Short-term notes payable 1,8241,791 29,510 35,604 73,114 78,060 6,359 7,090 20,679 22,012 2,729 2,464 Long-term debt Net fixed assets Accounts payable Inventory Dividends For 2018, calculate the cash flow from assets, cash flow to negative answer should be indicated by a minus sign. Do round your answers to 2 decimal places, e.g., 32.16.) Cash flow from assets Cash flow to creditors Cash flow to stockholders 27,689.78 4,694.00 2,464.00XS Supply Company is developing its annual financial statements at December 31, 2017. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized: 2017 2016 Balance Sheet at December 31 Cash $ 37,120 $ 30,800 Accounts Receivable 37,850 30,800 Merchandise Inventory 47,900 40,900 Property and Equipment 175,250 132,000 Less: Accumulated Depreciation (38,250 ) (33,000 ) $ 259,870 $ 201,500 Accounts Payable $ 42,850 $ 32,500 Wages Payable 1,430 2,050 Note Payable, Long−Term 32,700 44,100 Contributed Capital 104,500 80,600 Retained Earnings 78,390 42,250 $ 259,870 $ 201,500 Income Statement for 2017 Sales $ 202,000 Cost of Goods Sold…
- Crane Hog Products Corp. provided the following financial information for the quarter ending June 30, 2017: Net income: $ 183,375 Depreciation and amortization: $ 61,786 Increase in receivables: $62,154 Increase in inventory: $ 50,650 Increase in accounts payable: $37,655 Decrease in other current assets: $27,450 What is this firm's cash flow from operating activities during this quarter? (If an amount reduces the cash flow then enter with negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Crane Hog Products Corp.Statement of Cash Flows (Partial) Operating Activities: $ Additions (sources of cash) Subtractions (uses of cash) Net cash operating activities $WOODPECKER CORP. reported profit of P800,000 in 2018 under cash basis. The following items are relevant in converting the cash basis profit into accrual basis. Inventory, January 1 P1,000,000 Inventory, December 31 600,000 Receivables, January 1 300,000 Receivables, December 31 900,000 Payables increased by 500,000 How much is the profit under accrual basis of accounting? A. P500,000 B. P600,000 C. P700,000 D. P400,000Carla Vista Hog Products Corp. provided the following financial information for the quarter ending June 30, 2017: Net income: $ 182,725 Depreciation and amortization: $ 68,641 Increase in receivables: $62,154 Increase in inventory: $ 54,827 Increase in accounts payable: $37,655 Decrease in other current assets: $27,450 What is this firm's cash flow from operating activities during this quarter? (If an amount reduces the cash flow then enter with negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Carla Vista Hog Products Corp.Statement of Cash Flows (Partial) (?) Operating Activities: $ Additions (sources of cash) Subtractions (uses of cash) Net cash operating activities $
- The following information has been extracted from the financial statements and notes of CASAN Ltd. 2019 2018 Cash and Cash Equivalents 59,100 47,700 Account Receivable(net) 137,800 129,800 Account Payable 45,750 39,950 Revenue 610,000 625,000 Cost of Goods Sold 559,500 568,500 Profit 50,500 56,500 Inventory 223,700 189,300 Total assets 540,000 555,000 Current Liabilities 250,900 265,700 Total liabilities 300,000 330,000 Short-term investments 75,400 85,900 Based on the above information calculate the following ratios: 1) Return on assets for 2019. 2) Profit Margin ratio for 2019. 3) Debt to assets ratio for 2019. 4) Acid-test ratio for 2018. 5) Inventory Turnover ratio for 2019.Swifty Ltd. had the following 2023 income statement data: Revenues Expenses 1/1/23 Revenues $113,000 In 2023, Swifty had the following activity in selected accounts: 12/31/23 49,200 $63,800 Accounts Receivable 19,100 113,000 34,780 1,320 Write-offs 96,000 Collections Allowance for Expected Credit Losses Write-offs 1.320 Swifty Ltd. Statement of Cash Flows (Indirect Method) 1,300 1.540 1.520 1/1/23 Loss on impairment 12/31/23 Prepare Swifty's cash flows from operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a negative sign e.g. -10,000 or in parenthesis eg. (10,000).Given is data for General Mills Inc. for its fiscal year ended May 27, 2018 ($ millions). Cost of goods sold (COGS) = $14,438.1 Cash from operating activities = $3,977.4 Cash from investing activities = (12,159.6) Noncash assets, end of year = 42,315.0 Cash, end of year = 558.6 Cash from financing activities = 7,668.2 Income tax expense = 80.2 Total assets, beginning of year = 30,537.6 Revenue = 22,036.6 Total liabilities, end of year = 33,784.2 Total expenses, other than COGS = 4,490 Stockholders' equity, end of year = 9,089.4 Prepare Income statement, Cash flow statement and Balance sheet for the year 2008. Do not use negative sign, use brackets. Note : Answers for tally- For the year ended May 27, 2018 Answer Revenues Answer 22,036.6 Answer Cost of goods sold Answer 14,438.1 Answer Gross profit Answer 7,958.5 Answer Expenses Answer 4,490.1 Answer Net income Answer 3,108.4 Answer Total assets Answer 0 Answer Total liabilities and equity Answer 0 b. Prepare the balance…
- In fiscal 2017 and 2016, Estée Lauder's financial statements included the following items. $ millions Inventory Receivables Payables Sales Cost of goods sold 2017 $1,213 1,283 3,108 12,297 2,461 2016 $ 1,264 1,258 2,349 11, 262 2,181 What was its cash cycle? Assume 365 days in a year. (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to the nearest whole number.) X Answer is complete but not entirely correct. Cash cycle (183) > daysIn fiscal 2017 and 2016, Estée Lauder's financial statements included the following items. Inventory Receivables $ millions Payables Sales Cost of goods sold Cash cycle 2017 2016 $ 1,583 $ 1,264 1,242 1,258 2,924 2,349 14,071 11, 262 2,876 2,181 What was its cash cycle? Assume 365 days in a year. (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to the nearest whole number.) (228) daysPartial balance sheets and additional information are listed below for Funk Company. Funk Company Partial Balance Sheets as of December 31 2018 2017 Assets Cash $ 42,000 $ 21,000 Accounts receivable 95,000 90,800 Inventory 26,000 42,000 Liabilities Accounts payable $ 59,000 $ 74,000 Additional information for 2018: Net income was $172,000.Depreciation expense was $32,000.Sales totaled $820,000.Cost of goods sold totaled $327,000. Required:Prepare the summary entry for the amount of cash received from customers during 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)