PDA

View Full Version : Formulating Financial Statements from Raw Data


Ibdolphinlvr
Nov 2, 2013, 09:09 PM
Following is selected financial information from Company A, for the year ended November 30, 2011 ($ Millions)
Cash and cash equivalents $7,662.0
Cash flows from operations $10,079.0
Sales $43,218.0
Stockholder's equity $47,259.0
Cost of goods sold $16,682.0
Cash flows from financing ($4,064.0)
Total liabilities $39,836.0
Other net expenses $20,046.0
Noncash assets $79,433.0
Cash flows from investing ($2,934.0)
Net income $6,490.0
Cash, beginning year $4,581.0


Prepare an income statement, balance sheet and statement of cash flows for Company A.

rehmanvohra
Nov 2, 2013, 11:44 PM
Financial statement identified with each item:

Cash and cash equivalents $7,662.0 - Balance Sheet and Cash Flow Statement
Cash flows from operations $10,079.0 - Cash Flow Statement
Sales $43,218.0 - Income statement
Stockholder's equity $47,259.0 - Balance Sheet
Cost of goods sold $16,682.0 - Income Statement
Cash flows from financing ($4,064.0) - Cash Flow Statement
Total liabilities $39,836.0 - Balance Sheet
Other net expenses $20,046.0 - Income Statement
Noncash assets $79,433.0 - Balance Sheet
Cash flows from investing ($2,934.0) - Cash Flow Statement
Net income $6,490.0 - Income Statement*
Cash, beginning year $4,581.0 - Cash Flow Statement

* Stockholders' equity includes net income