Académique Documents
Professionnel Documents
Culture Documents
Other information:
Sales 2,110,965
Depreciation 112,178
Selling & administrative 339,259
Cost of goods sold 1,459,455
Interest 117,587
Note: Assume the tax rate for this company is at 25% and the company has decided
to pay 40% of its net profit for the year as dividend to its shareholders.
Required:
a) Given the information above, construct the firms 2016 Income Statement for the
year ended 31 December.
b) Calculate the missing figures below:
2016 2015
Common stock 1,552,374 ?
Retained earnings ? 536,214
Dividends paid ? -
c) Calculate the cash flow from assets for the year ending December 31, 2016.
d) Calculate the cash flow to stockholders and creditors for the year ending
December 31, 2016.
e) Explain and interpret the positive and negative signs of your answers in (a)
through (d).