Cash Flow for Rasputin Corporation.
Based on the following information for Rasputin Corporation, prepare an income statement for 2008 and balance sheets for 2007 and 2008. Next calculate cash flow from assets for Rasputin cash flow to creditors, and cash flow to stockholders for 2008. Use a 34 percent tax rate throughout.
|
|
2007
|
2008
|
|
Sales
|
($) 3,790
|
($) 3,990
|
|
Cost of goods sold
|
2,043
|
2,137
|
|
Depreciation
|
975
|
1,018
|
|
Interest
|
225
|
267
|
|
Dividends
|
200
|
225
|
|
Current assets
|
2,140
|
2,346
|
|
Net fixed assets
|
6,770
|
7,087
|
|
Current liabilities
|
9,94
|
1,126
|
|
Long term debts
|
2,869
|
2,956
|