WG Enterprises Balance Sheet- Current and Prevlous Year (In $ thousands) Previou
ID: 2799149 • Letter: W
Question
WG Enterprises Balance Sheet- Current and Prevlous Year (In $ thousands) Previous Year Current Year Previous Year Current Year Assets Current Assets Liabilities and Owners Equity Current Liabilities Cash Inventory 401 544 322 601Accounts Payable 488 Notes Paxable 555 Total 366 232 598 1,300 Lonk Term Debs Fixed Assets 1.656 15 t 1.5301.698 Total Assets 2,766 2,995Total Liabilities and 2,995 Owners Equity WG Enterprises Income Statement- Current Year (In $ thousands) Net Sales Cost of Goods Sold Depreciation Earnings Before Interest and Taxes 1,418 684 Earnings Before Taxes Taxes Net Income 679 21 608 213 395 Use the financial statements for wG Enterprises What is the cash flow from financing? $194,000 ($17,000) O $185.000 O ($19.000)Explanation / Answer
Solution:
($17,000) is the answer.
Cash Flow From Financing = (Change in Long Term Debt + Change in Notes Payable) - Dividends paid
(708 - 699)+(206-232)= -17 - 0 (no dividends were paid)
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