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...

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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 Stockholdersâ€™ 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
DividendsÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 40
Addition to retainedearningsÂ Â Â Â Â 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

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	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	Stockholdersâ€™ 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
DividendsÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â	40
Addition to retainedearningsÂ Â Â Â Â Â	$80.00