Sukhum, Inc. Balance Sheet as of December 31, for 2001 and
2002
Assets
2001
2002
Liabilities and equity
2001
2002
Current liabilities
Accounts payable
$210
$210
Current...
90.2K
Verified Solution
Link Copied!
Question
Finance
Sukhum, Inc. Balance Sheet as of December 31, for 2001 and2002
Assets
2001
2002
Liabilities and equity
2001
2002
Current liabilities
Accounts payable
$210
$210
Current assets
Notes payable
110
110
Cash
$45
$45
Total
$320
$320
Accounts receivable
260
260
Long-term debt
205
205
Inventory
320
340
Stockholders’ equity
Total
$625
$645
Common stock
290
???
Retained earnings
795
???
Fixed assets
985
1090
Total Equity
$1,085
???
Total assets
$1,610
$1,735
Total liabilities and eq
$1,610
???
9
Replace the \"???\" in the balance sheet for 2002 with appropriatenumbers and determine what
was thecash flow to stockholders of Sukhum Inc for 2002?
A)
-$45
B)
-$40
C)
-$5
D)
$5
E)
$40
Sukhum, Inc., Income Statement(2002)
Net sales
710
Cost of goods sold
460
Depreciation
50
Earnings before interest
and taxes (EBIT)
$200.00
Interest
20
Taxable income
180
Taxes
60
Net income
$120.00
Dividends                        Â
40
Addition to retainedearnings     Â
$80.00
this is all the information that is given to me.
.
Answer & Explanation
Solved by verified expert
4.0 Ratings (492 Votes)
These are the values to substitute For Common Stock 335 See Note 1 For Retained Earnings 875 See Note 2 Total Equity 1210 335875 Total liabilities and eq 1735 Same as Total assets Cash flow to the stockholders of Sukhum Inc A 45 See Note 3 Notes Note 1 Common Stock We
See Answer
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
