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A fire destroyed your firm’s ending balance sheet and income statement after the year-end
but before the financial statements are released. However, you have been successful in obtaining the
numbers for the beginning balance sheet and the statement of cash flows, which are provided to you and
your team members in Excel format. Fields representing the missing balance sheet and income statement
are End of year2 in the Excel sheet

CONSOLIDATED BALANCE SHEETS (USD $) End of year 2 End of year 1
In Thousands, unless otherwise specified
Current assets:
Cash and cash equivalents   598
Receivables, net   230
Inventories, net   2309
Other current assets   47
Total current assets   3184
Property and equipment, net of accumulated depreciation   1292
Assets held for sale   1
Goodwill   76
Intangible assets, net   29
Other assets, net   32
Assets, Total   4614
Current liabilities:   0
Current portion of long-term debt   0
Accounts payable   2030
Accrued expenses   380
Other current liabilities   150
Total current liabilities   2560
Long-term debt   604
Other long-term liabilities   239
Commitments and Contingencies   0
Stockholders Equity Attributable to Parent [Abstract]   0
Preferred stock, nonvoting, $00001 par value   0
Common stock, voting, $00001 par value   0
Additional paid-in capital   520
Treasury stock, at cost   -27
Accumulated other comprehensive income (loss)   3
Retained earnings   715
Total stockholders equity   1210
Liabilities and Stockholders Equity, Total   4613
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) 12 Months Ended
In Thousands, except Per Share data, unless otherwise specified Year 2
Net sales  
Cost of sales, including purchasing and warehousing costs  
Gross profit  
Selling, general and administrative expenses  
Operating income  
Interest expense  
Other income, net  
Total other, net  
Income before provision for income taxes  
Provision for income taxes  
Net income  
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) 12 Months Ended
In Thousands, unless otherwise specified Year 2
Cash flows from operating activities:
Net income $392
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 208
Share-based compensation 13
Loss on property and equipment, net 1
Other 2
Provision for deferred income taxes -2
Excess tax benefit from share-based compensation -16
Increase Decrease in Operating Capital
Receivables, net -32
Inventories, net -204
Other assets 11
Accounts payable 113
Accrued expenses 63
Other liabilities -4
Net cash provided by operating activities 545
Cash flows from investing activities:
Purchases of property and equipment -196
Payments to Acquire Businesses, Gross -186
Sale of certain assets of acquired business 19
Proceeds from sales of property and equipment 1
Net cash used in investing activities -362
Cash flows from financing activities:
(Decrease) increase in bank overdrafts -3
Decrease in financed vendor accounts payable 0
Issuance of senior unsecured notes 449
Payment of debt related costs -9
Borrowings under credit facilities 0
Payments on credit facilities 0
Dividends paid -18
Proceeds from the issuance of common stock, primarily exercise of stock options 4
Tax withholdings related to the exercise of stock appreciation rights -22
Excess tax benefit from share-based compensation 16
Repurchase of common stock -81
Contingent payment accrued on acquisitions 5
Other -1
Net cash provided by (used in) financing activities 331
Net increase (decrease) in cash and cash equivalents 514
Cash and cash equivalents, beginning of period 598
Cash and cash equivalents, end of period 1,112
Supplemental cash flow information:
Interest paid 35
Income tax payments 219
Non-cash transactions:
Accrued purchases of property and equipment 21
Retirement of common stock 0
Contingent consideration accrued on acquisitions 0
Changes in other comprehensive income 1
Declared but unpaid cash dividends $4

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Jean Keeling
Jean KeelingLv2
30 Sep 2019

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