Submitted by: Submitted by jagual
Views: 192
Words: 684
Pages: 3
Category: Business and Industry
Date Submitted: 10/23/2012 03:39 AM
Financial statements – exercises
1. Complete the following balance sheet:
|Asset |Capital |
|Current assets | |Total liabilities | |
|Cash |100 |Short-term liabilities | |
|Inventory | |Accounts payable |200 |
|Fixed assets | |Notes payable |300 |
|Gross plant and equipment |1800 |Long-term liabilities | |
|Accumulated depreciation | |Equity capital | |
|Net plant and equipment |1500 |Common equity |1000 |
|Total assets |2000 |Total liabilities & equity | |
2. Calculate the amount of retained earnings:
- common stock dividends are 40% of earnings available to common shareholders
- earnings before taxes are 3 000 euro
- preferred dividends are 200 euro
- income tax rate is 30%
3. Construct the statement of cash flows given the following information:
- 10 000 euro in new long-term debt is issued
- 30 000 euro of common stock is repurchased
- Common stock divdends re 15 000 euro
- Current assets are increased by 20 000 euro
- Current liabilities are decreased by 40 000 euro
- Depreciation is 10 000 euro
- Net income is 100 000 euro
- Plant & equipment...