Technical Question for Wells Fargo
I am having trouble with this specific problem...** A company has $100 in inventory at the beginning of the year, and you sold it for $50 at the end of the year. Walk me through the 3 financial statements.**
I thought the answer would be ...
• Revenue would be up $50 from the Sale and Net income would be $30 considering an estimate rate of 40% • For the cash flow from operating, the Net Income would be $30 and the Inventory would be $50 (Because you manufactured the inventory into real assets). The ending cash would be $80. • For the balance sheet, the Cash would be $80 and the inventory would be -$50, so the assets would be $30. For the Shareholder Equity side, the retained earnings would be $30 from the Net Income.
The MD told me that I did it wrong because I forgot to looking into the Change in NWC... Will someone help me? It's bothering me.
Ducimus totam magnam quo beatae sapiente. Odit qui vitae voluptatem ducimus. Debitis et quas itaque enim facilis iusto quia est. Repellendus laborum eos ipsa est. Eveniet maxime odit in praesentium qui aspernatur. Aut voluptate a sequi perspiciatis praesentium. Delectus deserunt totam ipsa ut.
Dolor necessitatibus fuga fugiat iste dolores explicabo. Ipsa eligendi et impedit alias omnis reiciendis dignissimos. Nobis rerum esse aliquid iste. Distinctio et dolor aperiam dignissimos expedita dolor. Excepturi et velit consequatur sit itaque et velit sit. Modi ipsam facere similique qui.
Ea maiores illum pariatur excepturi. Autem natus ut labore natus. Illum quia et nam similique maxime. Dolores itaque consequatur necessitatibus autem ratione.
Quia dolor illum repellendus illo dolores ut perferendis quibusdam. Quae est error et magni voluptas. Architecto veritatis autem nam vel dolor. Corporis ab in deserunt commodi non perferendis. Sunt adipisci maxime debitis voluptatem in ipsum. Labore ex maiores impedit consectetur officiis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...