loader  Loading... Please wait...

Question(s) / Instruction(s):

                                                                                 2009                        2008

  Cash                                                                    $35                         $10 

  Accounts receivable                                     35                           42 

  Inventory                                                          76                           62 

  Plant and Equipment                                    182                         153 

  Less accumulated depreciation                                (39)                        (28)

  Total assets                                                      $289                       $239 

  Accounts payable                                          $46                         $38 

  Common stock                                                                93                           71 

  Retained earnings                                         150                         130 

  Total liabilities and stockholders' equity$289                      $239 

 

  Sales                                                                    $509 

  Cost of goods sold                                         300 

  Gross margin                                                   209 

  Selling and administrative expenses      179 

  Net income                                                      $30 

Dividends of $10 were declared and paid during 2009.

Required:

1              Using the indirect method prepares a statement of cash flows for 2009.

 2             Compute Carmono's free cash flow for 2009.

Find Similar Answers by Subject


Student Reviews

Rate and review your solution! (Please rate on a Scale of 1 - 5. Top Rating is 5.)


Expert's Answer
Download Solution:
$2.00

This solution includes:

  • Plain text
  • Cited sources when necessary
  • Attached file(s)
  • Solution Document(s)



Reach Us

408-538-8534

20-3582-4059

39-008-4233

+1-408-904-6494