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...

90.2K

Verified Solution

Question

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

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: Zin AI - Your personal assistant for all your inquiries!

Become a Member

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...

90.2K

Verified Solution

Question

Finance

Answer & Explanation Solved by verified expert

Get Answers to Unlimited Questions

Membership Benefits:

Other questions asked by students

A study estimates the mean annual family income for families living in public housing in Chicago....

Operating margins in your hospital have been consistently below national norms for the past three years....

Jestion 5 he first Points 1 which was a movie with sound The Jazz Singer...

employment government spending tax revenues inflation Question 46 2 points Saved 4 Listen When the...

A star s color gives an indication of its temperature and age The chart shows...

A clinical trial was conducted to test the effectiveness of a drug for treating insomnia...

Evaluate each expression using the graphs of y f x and y g x shown...

Un producto cuyos ingresos no cubran la suma de sus costos variables, sus costos fijos...

Balance Sheet The following is a list (in random order) of KIP International Products Company's...

Question 3 (11 marks) The accountant of ABC Limited has prepared the following unadjusted trial...

the schedule of accounts receivable by age shown below was prepared for the Lucero company...

(b) Define the following: (5 Points) Subscription price Pre-emptive rights

	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