Retained Earnings Assignment | Homework For You
Southeast Systems has the following balance sheet and the income statement. Make sure the unit is in on uudis. (unit: $ in millions) 2013 $450 300 Cash Accounts receivable Inventory Net fixed assets 2013 $50 600 500 1,000 Southeast Systems Balance Sheets 2014 $100 Accounts payable 700 Notes payable 550 Long-term debt 1,000 Common equity Retained earnings $2,350 Total Liabilities & Owners Equity 650 300 2014 $500 400 650 300 500 $2,350 450 $2,150 Total Assets $2,150 Income Statement 2014 $2,370 2,070 200 100 Net sales Cost of goods sold Depreciation EBIT Interest expenses Taxable income Taxes Net Income Dividends
(1) What is the addition to the retained earnings?
(2) Compute the operating cash flow (OCF) for 2014. Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Close le a a x N] 0 g w P Get Finance homework help today
