Rebeckys Flowers 4U, Inc., had free cash flows during 2015 of $40 million, NOPAT of...

80.2K

Verified Solution

Question

Finance

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

Answer & Explanation Solved by verified expert
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!
Become a Member

Other questions asked by students