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Category > Accounting Posted 12 Jul 2017 My Price 13.00

sheet for Ezra Inc

This and all the following problems use the following income statement and balance sheet for Ezra Inc so you need to copy-paste it in Excel only once. Note, the marketable securities are an investing item and other non-current liabilities are a financing item that carry an interest charge.This and all the following problems use the following income statement and balance sheet for Ezra Inc so you need to copy-paste it in Excel only once. Note, the marketable securities are an investing item and other non-current liabilities are a financing item that carry an interest charge.

Ezra Inc. Balance Sheet as of December 31st	2015	2014
ASSETS
Cash	$12,802	$9,821
Marketable securities	8,730	8,201
Accounts and notes receivable—Trade	40,831	39,160
Inventories	15,641	17,313
Deferred income taxes	2,547	1,772
Prepayments	1757	1274
Total Current Assets	$82,308	$77,541
Property, plant, and equipment, at cost	143,302	142,344
Less accumulated depreciation	(79,601)	(72,651)
Deferred income taxes	1,844	1,975
Intangible assets (patents)	8,455	6,775
Total Assets	$156,308	$155,984
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts and notes payable—Trade	$19,716	$21,655
Notes payable to banks	20,688	19,802
Current portion of long-term debt	300	300
Other current liabilities	13,370	17,344
Total Current Liabilities	$54,074	$59,101
Long-term debt	17,743	16,887
Deferred income taxes	3,361	0
Other noncurrent liabilities (financing, interest bearing)	349	416
Total Liabilities	$75,527	$76,404
Common stock	$21,516	$21,516
Additional paid-in capital	30,024	30,024
Retained earnings	30,909	28,711
Accumulated other comprehensive income	(659)	(659)
Treasury stock	(1,009)	(12)
Total Shareholders’ Equity	$80,781	$79,580
Total Liabilities and Shareholders’ Equity	$156,308	$155,984

Income Statement	2015	2014
Sales	$832,780	$861,520
Cost of goods sold	(545,170)	(560,160)
Selling and administrative expenses	(280,017)	(292,381)
Interest expense	(4,212)	(7,320)
Income tax expense	(1,183)	(581)
Net Income	$2,198	$1,078
Dividends paid	0	0
Marginal and Effective Tax rate	35%	35%

What was Ezra's net cash flow from operations for the year 2015?

		$8,022
		$5,470
		($1,480)
		$2,918

Answers

Maurice Tutor

(5)

Status NEW Posted 12 Jul 2017 08:07 PM My Price 13.00

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