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Acc/291 Wk 8 Assignment Essay

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E 13-8
TAGUCHI COMPANY
Statement of Cash Flows—Indirect Method
For the Year Ended December 31, 2011
Cash Flows from operating activities
Net income 103,000
Adjustments to reconcile net income to net cash

Provided by operating activities:

Depreciation expense       34,000
Increase in accounts receivable                               (9,000)
Decrease in inventory                                                 19,000
Decrease in accounts payable                                   (8,000) 36,000
Net cash provided by operating activities 139,000
Cash flows from investing activities
Sale of land                                                             25,000
Purchase of machinery                                           (60,000)
Net cash used by investing activities                       (35,000)
Cash flows from financing activities    
Redemption of bonds                                             (50,000)
Sale of common stock                                             42,000
Payment of dividends                                               (45,000)
Net cash provided by financing activities               (53,000)

Net increase in cash 51,000
Cash at beginning of period 22,000
Cash at end of period 73,000

A.
                Horizontal Analysis
2012 2011 Amount Percent
Assets                            
Current assets           $74,000 80,000 (6,000) (7.5) %
Plant Assets 99,000 90,000   9,000 10%
Intangibles 27,000 40,000 (13,000)           (32.5) %
Total Assets           200,000           210,000 (10,000) (4.8) %
Liabilities and Stockholder's Equity
Current Liabilities           $42,000 48,000   (6,000)           (12.5) %
Long-term Liabilities             143,000             150,000 (7,000) (4.7) %
      Stock holders Equity 15,000 12,000 3,000 25%
Total Liabilities and Stockholder's equity           200,000...

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Acc/291 Wk 8 Assignment. Anti Essays. Retrieved December 14, 2018, from the World Wide Web: http://teachingsail.com/free-essays/Acc-291-Wk-8-Assignment-584476.html


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