Messages
Proposals
Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.
Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support
Understanding Financial Statements, Cash Flows and Taxes
*Complete the problems in an Excel spreadsheet. Be sure to show your work to receive credit; no hard keys.
Problem 2-1: Preparing Financial Statements
Information below is for Warner Manufacturing, Inc. for the year ended December 31, 20x1 except where beginning of year numbers indicated. All amounts in SAR unless otherwise stated.
Using the information below:
1. Prepare an income statement with the proper title
2. Prepare end of year balance sheet with the proper title
3. Calculate net working capital
4. Calculate the debt ratio
*Complete the problems in an Excel spreadsheet. Be sure to show your work to receive credit; no hard keys.
DATA
Depreciation expense
66,000
Cash
220,000
Long-Term Debt
330,000
Net Sales
615,000
Accounts payable
102,000
Marketing and general and administrative expenses
79,000
Buildings and Equipment
895,000
Notes payable
7,5000
Accounts receivable
156,000
Interest expense
4,750
Accrued expenses
7,900
Common Stock
289,000
Cost of Goods sold
297,000
Inventory
99,300
Taxes
67,300
Accumulated Depreciation
-26,3000
Prepaid expenses
14,500
Taxes payable
55,000
Retained earnings
262,900
Problem 2-2 Preparing Statement of Cash Flows
Given the following information, prepare a statement of cash flows.
DATA
Increase in accounts receivable
30
Increase in inventories
30
Operating Income
95
Interest Expense
30
Increase in accounts payable
25
Dividends
15
Increase in common stock
20
Increase in net fixed assets
23
Depreciation Expense
12
Income taxes
17
Beginning cash
20
Assume all amounts are in 000's SAR.
| Writer | Writer Name | Amount | Client Comments & Rating |
|---|---|---|---|
ONLINE |
Instant Homework Helper |
$36 |
She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up! |
Custom Original Solution And Get A+ Grades
Custom Original Solution And Get A+ Grades
Custom Original Solution And Get A+ Grades
| Writer | Writer Name | Offer | Chat |
|---|---|---|---|
ONLINE |
Writing FactoryI can help you with creating a presentation of one slide for The Word of William Hunter. I will be happy to offer you 100% original work with high-quality standard, professional research and writing services of various complexities. |
$10 | Chat With Writer |
ONLINE |
Smart Homework HelperGreetings! I am the professional electrical, telecom engineer, rich experience in QPSK, OFDM, FFT, such signal processing concetps with matlab, I can satisfy you definitely. more in chat.thanks. |
$40 | Chat With Writer |
ONLINE |
Top Essay TutorI feel, I would be the best choice for this project, I have more than 10 years of working experience in writing essys, reports, case studies and dissertations. Give me your work and get relax |
$35 | Chat With Writer |
ONLINE |
University Coursework HelpGreetings! I’m very much interested to write for attendance systems. I am a Professional Writer with over 5 years of experience, therefore, I can easily do this job. I will also provide you with TURNITIN PLAGIARISM REPORT. You can message me to discuss the details. |
$25 | Chat With Writer |
ONLINE |
Top Rated Experti hope you are keeping safe. I will deliver quality essay with 0% plagiarism. I have 5 years of experience in writing essays and mainly in the field. I am also well conversant with all the referencing styles of writing such as APA, MLA, Havard, Chicago and IEEE. Kindly contact me so that we can discuss on the contents of the project. Thank you in advance. |
$40 | Chat With Writer |
ONLINE |
Essay Writing HelpI can provide plagiarism-free work for you within your given deadline. My professional writing career started around 5 years back with a local writing company in my city where I have produced 1000+ documents for my clients. |
$40 | Chat With Writer |
Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.