Financial Statement Analysis Assignment

Instructions: 1] Please use the Balance Sheet to determine the difference 2] Using the indirect method to transfer the differes with numbers to each activity (Do not use the other symbol, must number) 3] Using the idrect method to create a new Statement of Cash Flow, sum up each activity and provide the brife explanation. 4] Please provide the clear and readable calculation. 5] Company has net income $100,000. Balance Sheet For The Year Ended December 31, 2008 & 2009 2009 2008 Difference Operating Investing FinancingAssets Current assets Cash and cash equivalents $410 $217 Accounts and other receivables 204 175 Merchandise inventories 1,902 2,464 Prepaid expenses and other current assets 81 51 Total current assets 2,597 2,907 Non-current assets Property and equipment Real Estate, net 2,354 2,435 Other, net 1,872 1,777 Total property and euqipment 4,226 4,212 Goodwill, net 347 356 Other assets 729 491 Total assets $7,899 $7,966 Liabilities Current Liabilities Short-term borrowings 156 134 Account payable 1,415 1,280 Accrued expenses and other current liabilities 696 680 Income taxes payable 224 231 Total current liabilities 2,491 2,325 Non-current liabilities Long-term debt 1,222 851 Deferred income debt 333 219 Other liabilities 229 140 Total non-current liabilities 1,784 1,210 Total liabilities $4,275 $3,535 Stockholders’ Equity Common stock $30 $30 Additional paid-in capital 459 467 Retained earnings 4,478 4,610 Foreign Currency translation adjustments -100 -122 Treasury shares, at cost -1,243 -557 Total stockholders’ equity $3,624 $4,428 Total liabilities and stockholders’ equity $7,899 $7,963 Statement of Cash Flow Operating Activities Net Income $1,00,000 Investing Activities Financing Activities