The writer is very fast, professional and responded to the review request fast also. Thank you.
4–6
Finding operating and free cash flows Consider the following balance sheets and selected data from the income statement of Keith Corporation.
Keith Corporation Balance Sheets
December 31
Assets
2015
2014
Cash
$ 1,500
$ 1,000
Marketable securities
1,800
1,200
Accounts receivable
2,000
1,800
Inventories
2,900
2,800
Total current assets
$ 8,200
$ 6,800
Gross fixed assets
$29,500
$28,100
Less: Accumulated depreciation
14,700
13,100
Net fixed assets
$14,800
$15,000
Total assets
$23,000
$21,800
Liabilities and stockholders’ equity
Accounts payable
$ 1,600
$ 1,500
Notes payable
2,800
2,200
Accruals
200
300
Total current liabilities
$ 4,600
$ 4,000
Long-term debt
5,000
5,000
Total liabilities
$ 9,600
$ 9,000
Common stock
$10,000
$10,000
Retained earnings
3,400
2,800
Total stockholders’ equity
$13,400
$12,800
Total liabilities and stockholders’ equity
$23,000
$21,800
Keith Corporation Income Statement Data (2015)
Depreciation expense
$1,600
Earnings before interest and taxes (EBIT)
2,700
Interest expense
367
Net profits after taxes
1,400
Tax rate
40%
hey doc this is a team assignment and I only have to cover bullet C. im going to attach the instructions again on aword doc. not sure how well this is going to show on this website.
Show more
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more