Casello Mowing & Landscaping\'s year-end 2018 balance sheet lists current assets

Question

Casello Mowing & Landscaping's year-end 2018 balance sheet lists current assets of $436,500, fixed assets of $551,500, current liabilities of $417,900, and long-term debt of $317100. Calculate Casello's total stockholders' equity. (Enter your answer in dollars. Round your answer to the nearest dollar amount.) Total stockholders' equity The Fitness Studio, Inc.'s 2018 income statement lists the following income and expenses. EBIT = $781,500, interest expense = $260,000, and taxes = $182,525. The firm has no preferred stock outstanding and 100,000 shares of common stock outstanding Calculate the 2018 earnings per share. (Round your answer to 2 decimal places.) Earnings per share In 2018, Usher Sports Shop had cash flows from investing activities of-$4,394,000 and cash flows from financing activities of - $5,895,000. The balance in the firm's cash account was $1,618,000 at the beginning of 2018 and $1,748,000 at the end of the year. Calculate Usher Sports Shop's cash flow from operations for 2018. (Amounts to be deducted should be indicated by a minus sign.) Cash flow from operations

Explanation / Answer

1. Casellos' Total Equity = Total Assets - Total Debt = (436500+551500)-(417,900+317,100) = 253000

2. EPS = (EBIT-Interest-Tax)/No of Shares outstanding = (781500 - 260000 - 182525)/100000 =3.39

3. Total cash flow in 2018 = Ending cash flow - Beginning cash flow = 1748000 - 1618000 = 130000

Cash Flow from Operations + Cash flow from Invetsment + Cash flow from financing = Net cash flow

Cash Flow from Operations - 4394,000 + 5,895,000 = 130000
Cash Flow form operations = -1,371,000

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