Funds Flows and Financial Assertions at Sun Boards

CASH FLOWS AND FINANCIAL CLAIMS AT SUNSET BOARDS

Underneath are the financial statements that you will be asked to organize.

1 . The income assertion for each year will look like this:

| Income statement

| | 2008| | 2009

| Sales| $247, 259| | $301, 392

| Cost of items sold| 126, 038| | 159, 143

| Providing & administrative| 24, 787| | thirty-two, 352

| Depreciation| 35, 581| | 40, 217

| EBIT| $60, 853| | $69, 680

| Interest| 7, 735| | 8, 866

| EBT| $53, 118| | $60, 814

| Taxes| 15, 624| | 12, 163

| Net income| $42, 494| | $48, 651

| Dividends| $21, 247| | $24, 326

| Addition to stored earnings| 21, 247| | 24, 326

2 . The balance sheet for each year will be:

| "balance sheet" as of December. 31, 2008

В 

| Cash| $18, 187| В | В | Accounts payable | $32, 143| В | Accounts receivable| doze, 887| В | В | Remarks payable | 14, 651| В | Inventory| 27, 119| В | В | Current financial obligations | $46, 794| В | Current assets| $58, 193| В | В | В |

| В | | В | В | Long term debt | $79, 235

| Net fixed assets| $156, 975| В | В | Owners' fairness | 89, 139| В | Total assets| $215, 168| В | В | Total liab. & value | $215, 168

Inside the first season, equity is usually not offered. Therefore , we should calculate value as a plug variable. As total liabilities & fairness is corresponding to total assets, equity may be calculated because:

Equity = $215, 168 – 46, 794 – 79, 235

Collateral = $89, 139

| Balance sheet as of Dec. 23, 2009

В 

| Cash| $27, 478| В | В | Accounts payable | $36, 404| В | Accounts receivable| 16, 717| В | В | Notes payable | 15, 997| В | Inventory| 37, 216| В | В | Current liabilities | $52, 401| В | Current assets| $81, 411| В | В | В |

| В | | В | В | Long-term debt | $91, 195

| Net fixed assets| $191, 250| В | В | Owners' equity | 129, 065| В | Total assets| $272, 661| В | В | Total liab. & equity | $272, 661|...

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