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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Rebecky’s Flowers 4U, Inc., had free cash flows during 2015 of $70 million, NOPAT of $113 million, and depreciation of $27 million. Using this information, calculate the missing amounts on Rebecky’s balance sheet below. (Enter your answers in millions of dollars.)
| REBECKY’S FLOWERS 4U, INC. Balance Sheet as of December 31, 2015 and 2014 (in millions of dollars) |
||||||||||||||
| 2015 | 2014 | 2015 | 2014 | |||||||||||
| Assets | Liabilities and Equity | |||||||||||||
| Current assets: | Current liabilities: | |||||||||||||
| Cash and marketable securities | $ | 40 | $ | 37 | Accrued wages and taxes | $ | 27 | $ | 25 | |||||
| Accounts receivable | 104 | 94 | Accounts payable | 50 | ||||||||||
| Inventory | 143 | 129 | Notes payable | 80 | 80 | |||||||||
| Total | $ | 287 | $ | 260 | Total | $ | $ | 155 | ||||||
| Fixed assets: | Long-term debt: | $ | $ | 386 | ||||||||||
| Gross plant and equipment | $ | 590 | $ | 540 | Stockholders’ equity: | |||||||||
| Less: Depreciation | 77 | 50 | Preferred stock (4 million shares) | $ | 4 | $ | 4 | |||||||
| Common stock and paid-in surplus | 40 | 40 | ||||||||||||
| Net plant and equipment | $ | 513 | $ | 490 | (20 million shares) | |||||||||
| Other long-term assets | 70 | 70 | Retained earnings | 272 | 235 | |||||||||
| Total | $ | 583 | $ | 560 | Total | $ | 316 | $ | 279 | |||||
| Total assets | $ | 870 | $ | 820 | Total liabilities and equity | $ | 870 | $ | 820 | |||||
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