Warning: Trying to access array offset on value of type bool in /home/topgsnkq/timelyhomework.com/wp-content/themes/enfold/framework/php/function-set-avia-frontend.php on line 570
Prepare Income statement
Instructions
- In an Excel document, prepare the following financial statements for the mini-case “Cash Flows and Financial Statements at Sunset Boards, Inc.” on pages 47 and 48 of the textbook:
- Income Statement for 2014 and 2015
- Balance Sheet for 2014 and 2015
- In the Excel document, also calculate:
- the Operating Cash Flow for each year
- the Cash Flow from Assets for 2015
- the Cash Flow to Creditors for 2015
- the Cash Flow to Stockholders for 2015
- Tad Marks, the company’s founder, is considering expanding the business, which will require a substantial investment. Evaluate the financial statements you have developed and Sunset Board’s cash flow.
- In your Excel document or a separate Word document, write a paragraph explaining whether you feel expansion would be a wise choice and why.