SDSU Preparing Statement of Cash Flows Worksheet
Question Description
omplete the following problems:
- Problem 2-1: Preparing Financial Statements
- Problem 2-2: Preparing the Statement of Cash Flows
*Complete the problems in an Excel spreadsheet. Be sure to show your work to receive credit; no hard keys.
Problem 2-1: Preparing Financial Statements
Information below is for Warner Manufacturing, Inc. for the year ended December 31, 20×1 except where beginning of year numbers indicated. All amounts in SAR unless otherwise stated. Using the information below: 1. Prepare an income statement with the proper title 2. Prepare end of year balance sheet with the proper title 3. Calculate net working capital 4. Calculate the debt ratio *Complete the problems in an Excel spreadsheet. Be sure to show your work to receive credit; no hard keys.
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Problem 2-2 Preparing Statement of Cash Flows |
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Given the following information, prepare a statement of cash flows.
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Assume all amounts are in 000’s SAR. |