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Accounting - DRIETOMA COMPANY

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Question;Problem 2: (20 points)1. Given the following information:DRIETOMA COMPANYComparative Balance SheetAs of December 31, Year+1 through Year+5Y+15,386CashAccounts Receivable - TradeY+23,531Y+34,573Y+46,4131,996 2,136Y+51,9012,3061,7601,84822,0001,28030,42684,660(28,320)14,250101,01624,0001,35730,73694,819(31,706)15,105108,95423,0001,49231,061109,042(35,499)16,616121,22022,0001,64232,190119,946(39,861)18,277130,552XXXX1,806XXXXXXXX(44,659)20,105XXXXAccounts Payable - TradeNotes Payable and Short Term DebtCurrent Maturities of Long Term DebtOther Current LiabilitiesCURRENT LIABILITIESLong Term Debt18,0004,8003,2198,06234,08112,60017,5004,8483,4548,54534,34713,52020,0004,8963,7069,40038,00214,50720,5004,9453,97710,05839,48015,56621,0004,9954,26710,561XXXX16,702Deferred Taxes and Other Non-Current LiabilitiesTOTAL LIABILITIES3,41650,0973,68951,5564,02156,5304,423XXXX4,866XXXXCommon Stock + Paid in CapitalRetained EarningsAccumulated Other Comprehensive IncomeSHAREHOLDER'S EQUITY2,84845,3772,69450,9192,84851,8562,69457,3982,84859,1482,69464,6902,84865,5412,69471,3722,84869,4672,69474,078101,016108,954121,220XXXXXXXXY+4213,509(151,592)61,918XXXX2,13517,081165(1,428)(2,135)13,687(4,789)8,894Y+5224,185(165,897)58,288(49,321)2,24211,209XXXX(1,514)(2,242)7,579(2,652)4,926InventoriesOther Current AssetCURRENT ASSETSProperty, Plant & Equipment - at costAccumulated DepreciationGoodwill and Other Non-Current AssetsTOTAL ASSETSTOTAL LIABILITIES & EQUITIESDRIETOMA COMPANYIncome StatementYears Ended December 31SalesCost of Goods SoldGross ProfitSelling, General and Administrative ExpenseOther Operating IncomeOperating ProfitInterest IncomeInterest ExpenseOther Expenses and LossesIncome before TaxIncome Tax ExpenseIncome from Discontinued OperationsNET INCOMEY+1171,133(116,371)54,763(37,649)1,71118,825164(1,309)(1,711)15,968(5,589)10,379Y+2181,401(126,981)54,420(39,908)1,81416,326134(1,273)(1,814)13,373(4,680)8,692Y+3199,541(139,679)59,862(43,899)1,99517,959122(1,460)(1,995)14,625(5,119)9,5065DRIETOMA COMPANYStatement of Cash FlowsYears Ended December 31Y+1Y+2Y+3Y+4Y+5NET INCOMEAdd back DepreciationOther Add backs to Net IncomeOther Subtractions from Net IncomeChange in Accounts Receivable - TradeChange in InventoriesChange in Accounts Payable - TradeChange in Other Current LiabilitiesOther Operating Cash FlowsNET CASH FLOW FROM OPERATIONS10,3793,320(854)4407,447(3,671)(5,374)32012,0078,6923,386273(88)(2,000)(500)484(77)10,1719,5063,793332(148)1,0002,500855(136)17,7028,896XXX402(140)1,000500658(149)XXX4,9204,798442(171)(2,000)500503(164)8,834Property, Plant and Equipment SoldProperty, Plant and Equipment AcquiredInvestments AcquiredOther Investment TransactionsNET CASH FLOW FROM INVESTING(1,660)750(910)(10,159)(855)(11,014)(14,223)(1,511)(15,733)(10,904)(1,662)(12,566)(11,995)(1,828)(13,822)Increase in Short-Term BorrowingIncrease in Long-Term BorrowingDividend PaymentsNET CASH FLOW FROM FINANCING(1,200)(1,181)(8,856)(11,237)481,155(2,214)(1,011)481,239(2,214)(926)(140)(1,855)1,042Effects of Exchange Rate Changes on CashNET CHANGE IN CASH (CF)49XXXXXXXXXXXX49(1,000)XXXX(1,000)Required:Based on above information, determine the amount of each of the following items:(1) Depreciation Expense (Y+4)(2) Selling, General and Administrative Expense (Y+4)(3) Dividend Payments (Y+4)(4) Property, Plant & Equipment - at cost (Y+5)(5) Inventories (Y+5)(6) Interest Income (Y+5)

 

Paper#39056 | Written in 18-Jul-2015

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