Balance Sheet Income StatementASSETS 12/31/201312/31/2014cash and equivalents 34.6 Net RevenuesAccount Receivable 74.8 82.4 Cost of good soldInventories 132.60 145.70 selling,general & administrationTotal Current Assets 242.000 Research and development

Depreciation & AmortizationPP& 212.70 259.30 Other operating ExpensesGoodwill & Intangeable 34.20 42.50 Net intrest expencessDeferred Taxes 12.60 34.60 Pretax incomeOther long term Assets 123.90 145.30 Income tax expense(35%)Total Assets 625.40 709.80 Net income

DividendsLIABILITIES Amortization expense equals $5mAccount Payable 120.50 130.50 Assume all dividends were cash dividendsNotes Payable 23.50 34.20Corrent portion of LTD 49.60 68.40Current Liabilities 193.60 233.10

Long-term debt 214.00 214.00Deferred taxes 43.50 52.30Total Liabilities 451.10 499.40

Shareholder's equityPreferred Stock 12.40 13.50Common stock par value 5.60 7.40Additional paid-in-capital 146.40 163.50Treasury stock -112.30 -123.20Retained Earning 122.20 513.50Total liabilities and SE 625.40 1074.10

1/1/14-12/31/14 Cash flow Statement 1/1/14-12/31/14

1,340.30 Net Income 422.70432.40 Depreciation and amortization123.40 Changes in working capital

56.30 Accounts Receivable20.00 inventoties12.30 Accounts payable45.60 Deferred taxes

650.30 Cash from operations227.61422.69 Capital Expenditures

31.40 Increases in all other long-term assetsCash from investing

Assume all dividends were cash dividendsIncrease in bank loanIncrease in long-term debtIncrease in preferred stockIncrease in common stockIncrease in APICIncrease in Treasury stockDividendsCash from financing

Beginning cash balanceTotal change in cashEnding cash balance