Rebeckys Flowers 4U, Inc., had free cash flows during 2015 of $40 million, NOPAT of...
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Rebeckys Flowers 4U, Inc., had free cash flows during 2015 of $40 million, NOPAT of $86 million, and depreciation of $24 million. Using this information, calculate the missing amounts on Rebeckys balance sheet below. (Enter your answers in millions of dollars.) |
REBECKYS FLOWERS 4U, INC. Balance Sheet as of December 31, 2015 and 2014 (in millions of dollars) | ||||||||||||||
2015 | 2014 | 2015 | 2014 | |||||||||||
Assets | Liabilities and Equity | |||||||||||||
Current assets: | Current liabilities: | |||||||||||||
Cash and marketable securities | $ | 37 | $ | 34 | Accrued wages and taxes | $ | 12 | $ | 10 | |||||
Accounts receivable | 98 | 88 | Accounts payable | ? | 80 | |||||||||
Inventory | 146 | 128 | Notes payable | 65 | 65 | |||||||||
Total | $ | 281 | $ | 250 | Total | $ | ? | $ | 155 | |||||
Fixed assets: | Long-term debt: | $ | ? | $ | 311 | |||||||||
Gross plant and equipment | $ | 560 | $ | 510 | Stockholders equity: | |||||||||
Less: Depreciation | 94 | 70 | Preferred stock (4 million shares) | $ | 4 | $ | 4 | |||||||
Common stock and paid-in surplus | 40 | 40 | ||||||||||||
Net plant and equipment | $ | 466 | $ | 440 | (20 million shares) | |||||||||
Other long-term assets | 40 | 40 | Retained earnings | 257 | 220 | |||||||||
Total | $ | 506 | $ | 480 | Total | $ | 301 | $ | 264 | |||||
Total assets | $ | 787 | $ | 730 | Total liabilities and equity | $ | 787 | $ | 730 | |||||
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