Group 4

Ankit Kumar|Chaitanya|Pratik
Naik|Karthi|Shubham Chhabra|Kaushal Sahakari

Chemalite, Inc.(B)
Cash Flow Statement
for the period Jan 1 1992 to Dec31, 1992

Particulars Amount Amount

(I) Cash Flow from Operating Activities

Net Profit as per Income Statement 183925
Add: Non-Cash Expenses
Depreciation* 61625
Amortization of patent 25000

Less: Deduct Non-Cash Incomes

Add: Non-Operating Expenses

Interest Expense 58750

Less: Non-Operating Incomes

Gain On Sale Of Equipment -24250

Changes in Working Capital

Increase in Debtors -70030
Increase in Inventory (Finished Goods) -99680
Increase in Inventory (Raw Material) -20450
Increase in Prepaid Insurance -65000

Less: Income Tax Paid -39150

Cash Flows From Operating Activities 10740

(II) Cash Flow From Investing Activities

Cash paid for purchasing facility -425000
Sale of Machinery 215500
Purchased new Machinery -520000
Cash Flow form investing activities -729500
 (III) Cash Flow From Financing Activities
Long term Debt 510000
Treasury Stock -26000
Interest Paid -58750
Short term Debt 200000
Dividend Paid -10000
Cash Flow from Financing Activities 615250

Cash Flow from Business -103510

Add: Opening balance 113000
Closing Balance 9490

Working Note: Here it has been assumed that Notes payable has been issued by the vendor for the
facility
 SMOKY VALLEY CAFÉ

BALANCE SHEET
as on 12th Aug 1946
Liabilities Amount Assets Amount
Equity
Mr Maywood 2000 Cash 6000-4500 1500
Mrs Maywood 2000
Mrs Bevan 2000 6000 Land 2500
Improvements to land 2000
Mortgage 11500 Building 10500
Café Equipment 1000

17500 17500

BALANCE SHEET
as on Dec 16, 1946
Liabilities Assets
Equity Cash on Hand 65.35
Mr Maywood (2000-329.31) Cash at Bank 9.78
Mrs Maywood (2000-329.31) Inventories 100
Mrs
Bevan (2400-329.31) Land 2500
Improvements to
Total 5412.07 Land 1955.55
Bills Due 92.01 Buildings 10266.55
Mortgage 10800 Café Equipment 955.9
Equipment 415.95
Deposit (for Bottles) 35

16304.08 16304.08