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    FIN500: Principles of Finance Module 2 Critical Thinking Assignment

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    M shayan Javed
    This document provides data for students to complete four financial accounting problems: 1) Prepare an income statement and balance sheet using the given data 2) Calculate net working capital and debt ratio 3) Prepare a statement of cash flows using additional data provided The student is asked to prepare core financial statements and perform related calculations to practice critical thinking skills in financial accounting.

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    FIN500: Principles of Finance Module 2 Critical Thinking Assignment

    Uploaded by

    M shayan Javed
    51 views2 pages
    This document provides data for students to complete four financial accounting problems: 1) Prepare an income statement and balance sheet using the given data 2) Calculate net working capital and debt ratio 3) Prepare a statement of cash flows using additional data provided The student is asked to prepare core financial statements and perform related calculations to practice critical thinking skills in financial accounting.

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    FIN500_Module2_CTAssignment (1)

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    This document provides data for students to complete four financial accounting problems: 1) Prepare an income statement and balance sheet using the given data 2) Calculate net working capital and debt ratio 3) Prepare a statement of cash flows using additional data provided The student is asked to prepare core financial statements and perform related calculations to practice critical thinking skills in financial accounting.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    51 views2 pages

    FIN500: Principles of Finance Module 2 Critical Thinking Assignment

    Uploaded by

    M shayan Javed
    This document provides data for students to complete four financial accounting problems: 1) Prepare an income statement and balance sheet using the given data 2) Calculate net working capital and debt ratio 3) Prepare a statement of cash flows using additional data provided The student is asked to prepare core financial statements and perform related calculations to practice critical thinking skills in financial accounting.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    FIN500: Principles of Finance

    Module 2 Critical Thinking Assignment

    Problem 2-1: Preparing Financial Statements


    Using the following data:
    1. Prepare an income statement in good form

    2. Prepare end of year balance sheet in good form

    3. Calculate net working capital

    4. Calculate the debt ratio

    DATA SAR

    Depreciation expense 75,000

    Cash 250,000

    Long-Term Debt 450,000

    Net Sales 750,000

    Accounts payable 98,000

    Marketing and general and administrative expenses 110,000

    Buildings and Equipment 950,000

    Notes payable 80,000

    Accounts receivable 165,000

    Interest expense 5,250

    Accrued expenses 8,500

    Common Stock 350,000

    Cost of Goods sold 250,000

    Inventory 105,000

    Taxes 72,000
    Problem 2-2 Preparing Statement of Cash
    Flows

    Given the following data, prepare a statement of cash flows.

    DATA

    Increase in accounts receivable 42

    Increase in inventories 37

    Operating Income 105

    Interest Expense 35

    Increase in accounts payable 32

    Dividends 18

    Increase in common stock 23

    Increase in net fixed assets 27

    Depreciation Expense 14

    Income taxes 20

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