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MICRON INDUSTRIES LIMITED Income Statement For the years ended Dec. 31, 2018 and 2019 2018 2019 So00's S000's 900000 1125000 Sales 300000 306600 Cost of Goods Sold 600000 818400 Gross Profit Selling and Administrative Expenses Depreciation Expense Advertising Expenses farnings hefore interest and Taxes 150000 156000 54000 57000 18000 21000 378000 584400 Interest Expense 3000 3000 Taxable Income Taxation (35N) 375000 S81400 131250 203490 Net Income 243750 377910 Dividends (40N) 97500 151164 Addition to Retained Earnings Additional Information 146250 226746 Share Price Ordinary Shares Outstanding 21 27.3 120000000 144000000 MICRON INDUSTRIES LIMITED Statement of Financial Position As at Dec. 31, 2018 and 2019 2019 So00's ASMTS Curent Assets Inventories Accounts Receivables Cash and tquivalents 2018 so00's 264000 294000 LIABILITIES & EQUITY Current Liabilities Accounts Payables Notes Payables 2018 so00's 138000 150900 2019 so00's 114000 132654 246654 276000 330000 210900 270000 768900 876000 288900 Noncurrent Luablities Tetal Liabilities Equity Common Stock Retained Earnings Total tquity 120000 408900 Net Fed Assets 90000 690000 336654 264000 276000 726600 990600 951346 Total Assets 1229346 1399s00 Total Labiities tquity 1566000 1399500 1566000 INE DELL

MICRON INDUSTRIES LIMITED Income Statement For the years ended Dec. 31, 2018 and 2019 2018 2019 So00's S000's 900000 1125000 Sales 300000 306600 Cost of Goods Sold 600000 818400 Gross Profit Selling and Administrative Expenses Depreciation Expense Advertising Expenses farnings hefore interest and Taxes 150000 156000 54000 57000 18000 21000 378000 584400 Interest Expense 3000 3000 Taxable Income Taxation (35N) 375000 S81400 131250 203490 Net Income 243750 377910 Dividends (40N) 97500 151164 Addition to Retained Earnings Additional Information 146250 226746 Share Price Ordinary Shares Outstanding 21 27.3 120000000 144000000 MICRON INDUSTRIES LIMITED Statement of Financial Position As at Dec. 31, 2018 and 2019 2019 So00's ASMTS Curent Assets Inventories Accounts Receivables Cash and tquivalents 2018 so00's 264000 294000 LIABILITIES & EQUITY Current Liabilities Accounts Payables Notes Payables 2018 so00's 138000 150900 2019 so00's 114000 132654 246654 276000 330000 210900 270000 768900 876000 288900 Noncurrent Luablities Tetal Liabilities Equity Common Stock Retained Earnings Total tquity 120000 408900 Net Fed Assets 90000 690000 336654 264000 276000 726600 990600 951346 Total Assets 1229346 1399s00 Total Labiities tquity 1566000 1399500 1566000 INE DELL

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter22: Accounting For Changes And Errors.
Section: Chapter Questions
Problem 4RE: Refer to RE22-2. Assume Heller Company had sales revenue of 510,000 in 2019 and 650,000 in 2020....
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Calculate the following for 2019:


i. Operating Cash Flow 


ii. Net Capital Spending 


iii. Change in Net Working Capital 


iv. Cash Flow from Assets 


v. Cash Flow to Creditors 


vi. Cash Flow to Stockholders

MICRON INDUSTRIES LIMITED Income Statement For the years ended Dec. 31, 2018 and 2019 2018 2019 So00's S000's 900000 1125000 Sales 300000 306600 Cost of Goods Sold 600000 818400 Gross Profit Selling and Administrative Expenses Depreciation Expense Advertising Expenses farnings hefore interest and Taxes 150000 156000 54000 57000 18000 21000 378000 584400 Interest Expense 3000 3000 Taxable Income Taxation (35N) 375000 S81400 131250 203490 Net Income 243750 377910 Dividends (40N) 97500 151164 Addition to Retained Earnings Additional Information 146250 226746 Share Price Ordinary Shares Outstanding 21 27.3 120000000 144000000 MICRON INDUSTRIES LIMITED Statement of Financial Position As at Dec. 31, 2018 and 2019 2019 So00's ASMTS Curent Assets Inventories Accounts Receivables Cash and tquivalents 2018 so00's 264000 294000 LIABILITIES & EQUITY Current Liabilities Accounts Payables Notes Payables 2018 so00's 138000 150900 2019 so00's 114000 132654 246654 276000 330000 210900 270000 768900 876000 288900 Noncurrent Luablities Tetal Liabilities Equity Common Stock Retained Earnings Total tquity 120000 408900 Net Fed Assets 90000 690000 336654 264000 276000 726600 990600 951346 Total Assets 1229346 1399s00 Total Labiities tquity 1566000 1399500 1566000 INE DELL
Transcribed Image Text:MICRON INDUSTRIES LIMITED Income Statement For the years ended Dec. 31, 2018 and 2019 2018 2019 So00's S000's 900000 1125000 Sales 300000 306600 Cost of Goods Sold 600000 818400 Gross Profit Selling and Administrative Expenses Depreciation Expense Advertising Expenses farnings hefore interest and Taxes 150000 156000 54000 57000 18000 21000 378000 584400 Interest Expense 3000 3000 Taxable Income Taxation (35N) 375000 S81400 131250 203490 Net Income 243750 377910 Dividends (40N) 97500 151164 Addition to Retained Earnings Additional Information 146250 226746 Share Price Ordinary Shares Outstanding 21 27.3 120000000 144000000 MICRON INDUSTRIES LIMITED Statement of Financial Position As at Dec. 31, 2018 and 2019 2019 So00's ASMTS Curent Assets Inventories Accounts Receivables Cash and tquivalents 2018 so00's 264000 294000 LIABILITIES & EQUITY Current Liabilities Accounts Payables Notes Payables 2018 so00's 138000 150900 2019 so00's 114000 132654 246654 276000 330000 210900 270000 768900 876000 288900 Noncurrent Luablities Tetal Liabilities Equity Common Stock Retained Earnings Total tquity 120000 408900 Net Fed Assets 90000 690000 336654 264000 276000 726600 990600 951346 Total Assets 1229346 1399s00 Total Labiities tquity 1566000 1399500 1566000 INE DELL
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