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bluepanda480Lv1
28 Sep 2019
Devin E Corporation Balance Sheet As of December 31, 2015 2014 Assets: Cash & Cash Equivalents $41,900 $25,000 Accounts Receivable 24,000 6,250 Inventory 30,000 36,000 CurrentAssets 95,900 67,250 Land 25,000 10,000 Equipment 42,000 38,500 Less: Accumulated Depreciation (14,000) (7,000) 53,000 41,500 Total Assets 148,900 108,750 Liabilities: Accounts Payable 17,500 22,500 Accrued Salaries Payable 5,500 8,000 Rent Expense Payable 2,200 1,000 Income Tax Payable 6,900 4,000 Current Liabilities 32,100 35,500 Long-term notes payable 50,000 30,000 Total Liabilities 82,100 65,500 Stockholders Equity: Common Stock 42,000 30,000 Retained Earnings 24,800 13,250 Total Liabilities & StockholdersEquity $148,900 $108,750 Devin E Corporation Income Statement For the Year Ended December 31, 2015 2015 Revenues $147,000 Cost of Goods Sold 84,000 Gross Profit 63,000 Operating Expenses Depreciation Expense 7,000 Salary Expense 14,600 Insurance Expense 2,500 Rent Expense 10,000 Interest Expense 4,200 Total OperatingExpenses 38,300 Income from Operations 24,700 Income Tax Expense 6,900 Net Income $17,800 Devin E Corporation (theâCompanyâ) manufactures food processing equipment. Use DevinCorporationâs 2015 and 2014 balance sheets and 2015 incomestatement shown below to prepare a statement of cash flows for2015. Note that the Company paid dividends of $6,250 during2015.
Please fill in the balance sheet as well as create a statementof cash flow sheet
Devin E Corporation Balance Sheet 31-Dec Worksheet for Cash Flow 2015 2014 Change Cash Operating Investing Financing Cash and Cash Equivalents Accounts Receivable Inventory Land Equipment Accumulated Depreciation Accounts Payable Accrued Salaries Payable Rent Expense Payable Income Tax Payable Long-term Note Payable Common Stock Retained Earnings
Devin E Corporation Statement of Cash Flows For the Year Ended December 31, 2015
| Devin E Corporation | |||
| Balance Sheet | |||
| As of December 31, | |||
| 2015 | 2014 | ||
| Assets: | |||
| Cash & Cash Equivalents | $41,900 | $25,000 | |
| Accounts Receivable | 24,000 | 6,250 | |
| Inventory | 30,000 | 36,000 | |
| CurrentAssets | 95,900 | 67,250 | |
| Land | 25,000 | 10,000 | |
| Equipment | 42,000 | 38,500 | |
| Less: Accumulated Depreciation | (14,000) | (7,000) | |
| 53,000 | 41,500 | ||
| Total Assets | 148,900 | 108,750 | |
| Liabilities: | |||
| Accounts Payable | 17,500 | 22,500 | |
| Accrued Salaries Payable | 5,500 | 8,000 | |
| Rent Expense Payable | 2,200 | 1,000 | |
| Income Tax Payable | 6,900 | 4,000 | |
| Current Liabilities | 32,100 | 35,500 | |
| Long-term notes payable | 50,000 | 30,000 | |
| Total Liabilities | 82,100 | 65,500 | |
| Stockholders Equity: | |||
| Common Stock | 42,000 | 30,000 | |
| Retained Earnings | 24,800 | 13,250 | |
| Total Liabilities & StockholdersEquity | $148,900 | $108,750 | |
| Devin E Corporation | |||
| Income Statement | |||
| For the Year Ended December 31, 2015 | |||
| 2015 | |||
| Revenues | $147,000 | ||
| Cost of Goods Sold | 84,000 | ||
| Gross Profit | 63,000 | ||
| Operating Expenses | |||
| Depreciation Expense | 7,000 | ||
| Salary Expense | 14,600 | ||
| Insurance Expense | 2,500 | ||
| Rent Expense | 10,000 | ||
| Interest Expense | 4,200 | ||
| Total OperatingExpenses | 38,300 | ||
| Income from Operations | 24,700 | ||
| Income Tax Expense | 6,900 | ||
| Net Income | $17,800 | ||
| Devin E Corporation (theâCompanyâ) manufactures food processing equipment. Use DevinCorporationâs 2015 and 2014 balance sheets and 2015 incomestatement shown below to prepare a statement of cash flows for2015. Note that the Company paid dividends of $6,250 during2015. |
Please fill in the balance sheet as well as create a statementof cash flow sheet
| Devin E Corporation | ||||||||
| Balance Sheet | ||||||||
| 31-Dec | ||||||||
| Worksheet for Cash Flow | ||||||||
| 2015 | 2014 | Change | Cash | Operating | Investing | Financing | ||
| Cash and Cash Equivalents | ||||||||
| Accounts Receivable | ||||||||
| Inventory | ||||||||
| Land | ||||||||
| Equipment | ||||||||
| Accumulated Depreciation | ||||||||
| Accounts Payable | ||||||||
| Accrued Salaries Payable | ||||||||
| Rent Expense Payable | ||||||||
| Income Tax Payable | ||||||||
| Long-term Note Payable | ||||||||
| Common Stock | ||||||||
| Retained Earnings | ||||||||
| Devin E Corporation | ||
| Statement of Cash Flows | ||
| For the Year Ended December 31, 2015 | ||
Keith LeannonLv2
28 Sep 2019
Related questions
Arlington Corporation's financial statements (dollars and sharesare in millions) are provided here.
| Balance Sheetsas of December 31 | |||
| 2016 | 2015 | ||
| Assets | |||
| Cash and equivalents | $ 14,000 | $ 12,000 | |
| Accounts receivable | 35,000 | 30,000 | |
| Inventories | 32,135 | 29,000 | |
| Total currentassets | $ 81,135 | $ 71,000 | |
| Net plant and equipment | 53,000 | 49,000 | |
| Total assets | $134,135 | $120,000 | |
| Liabilities andEquity | |||
| Accounts payable | $ 10,200 | $ 9,500 | |
| Accruals | 8,000 | 6,000 | |
| Notes payable | 6,900 | 5,300 | |
| Total currentliabilities | $ 25,100 | $ 20,800 | |
| Long-term bonds | 15,000 | 15,000 | |
| Total liabilities | $ 40,100 | $ 35,800 | |
| Common stock (4,000 shares) | 50,000 | 50,000 | |
| Retained earnings | 44,035 | 34,200 | |
| Common equity | $ 94,035 | $ 84,200 | |
| Total liabilities and equity | $134,135 | $120,000 | |
| IncomeStatement for Year Ending December 31, 2016 | |
| Sales | $208,000 |
| Operating costs excludingdepreciation and amortization | 160,000 |
| EBITDA | $ 48,000 |
| Depreciation &amortization | 6,000 |
| EBIT | $ 42,000 |
| Interest | 6,250 |
| EBT | $ 35,750 |
| Taxes (40%) | 14,300 |
| Net income | $ 21,450 |
| Dividends paid | 11,615 |
Enter your answers in millions. For example, an answer of$25,000,000,000 should be entered as 25,000.
What was net operating working capital for 2015 and 2016?
| 2015 | $ million |
| 2016 | $ million |
What was Arlington's 2016 free cash flow?
$ million
Construct Arlington's 2016 statement of stockholders'equity.
| CommonStock | Retained Earnings | TotalStockholders' Equity | ||
| Shares | Amount | |||
| Balances, 12/31/15 | million | $ million | $ million | $ million |
| 2016 Net Income | million | |||
| Cash Dividends | million | |||
| Addition to retained earnings | million | |||
| Balances, 12/31/16 | million | $ million | $ million | $ million |
What was Arlington's 2016 EVA? Assume that its after-tax cost ofcapital is 10%. Round your answer to two decimal places.
$ million
What was Arlington's MVA at year-end 2016? Assume that its stockprice at December 31, 2016 was $25.
