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Cumberland Industries Generation of the Cash Flows for 2007 Cumberland Industries Income Statement $ Dollars 2007 Sales $455150000 Operating Costs excluding

3.Cumberland Industries -- Generation of the Cash Flows for 2007

 

 

 

Cumberland Industries' Income Statement ($ Dollars)

 

 

2007

Sales

$455,150,000

Operating Costs excluding Depreciation

$396,877,500

 

-------------------------

Earnings Before Interest, Taxes, Depreciation and Amortization(EBITDA)

$58,272,500

 

 

Depreciation

$7,388,150

 

 

Interest Paid

$8,575,000

 

-------------------------

Earnings Before Taxes

$42,309,350

 

 

Taxes(40%)

$16,923,740

 

-------------------------

NetIncome available to Common Stockholders

$25,385,610

 

 

 

 

 

 

Cumberland Industries' Statement of Retained Earnings ($Dollars)

 

Balance of Retained Earnings, Dec. 31, 2006

$38,774,000

Add: Net Income, 2007:

$25,385,610

Less: Dividends to Common Stock Shareholders:

$12,654,244

 

-------------------------

Balance of Retained Earnings, Dec. 31, 2007

$51,505,366

 

 

 

 

Pleasegenerate the Statement of Cash Flows for CumberlandIndustries.

 

 

Cumberland Balance Sheet (in Thousands of Dollars)

 

 

 

CashFlows (in Thousands of Dollars)

 

 

 

2006

2007

 

Operating

Investing

Financing

Cash

$74,625

$91,450

 

 

 

 

ShortTerm Investments

$15,100

$11,400

 

 

 

 

Accounts Receivable

$85,527

$103,365

 

 

 

 

Inventories

$34,982

$38,444

 

 

 

 

 

---------------

---------------

 

 

 

 

TotalCurrent Assets

$210,234

$244,659

 

 

 

 

 

 

 

 

 

 

 

NetFixed Assets

$42,436

$68,306

 

 

 

 

 

---------------

---------------

 

 

 

 

TotalAssets

$252,670

$312,965

 

 

 

 

 

 

 

 

 

 

 

Accounts Payable

$23,109

$30,761

 

 

 

 

Accruals

$22,656

$30,477

 

 

 

 

NotesPayable

$14,217

$16,717

 

 

 

 

 

---------------

---------------

 

 

 

 

TotalCurrent Liabilities

$59,982

$77,955

 

 

 

 

 

 

 

 

 

 

 

Long-Term Debt

$63,914

$76,264

 

 

 

 

 

---------------

---------------

 

 

 

 

TotalLiabilites

$123,896

$154,219

 

 

 

 

 

 

 

 

 

 

 

CommonStock

$90,000

$107,241

 

 

 

 

Retained Earnings

$38,774

$51,505

 

 

 

 

 

---------------

---------------

 

 

 

 

TotalCommon Equity

$128,774

$158,746

 

 

 

 

 

---------------

---------------

 

 

 

 

TotalLiabilities and Equity

$252,670

$312,965

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

---------------

---------------

---------------

 

 

Mar 19 2020 Read more Less More

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