The following comparative balance sheets and income statement are available for AddieMae Inc.. Prepare a statement of cash flows for 2016 using the indirect method and analyze the statement.
Balance Sheet as of December 31 in US$ Thousands
2016 2015
Assets Cash $3,300 $1,000
Accounts receivable (net) 1,100 600
Inventory 11,200 4,300
Total Current Assets 15,600 5,900
Plant and Equipment 3,000 2,300
Less accumulated depreciation 1,300 800
Plant and equipment (net) 1,700 1,500
Long term investments 1,200 900
Total assets $18,500 $8,300
Liabilities and Equity Accounts payable $3,300 $2,500
Accrued liabilities 700 600
Income taxes payable 400 100
Total current liabilities 4,400 3,200
Long term debt 200 -
Total liabilities 4,600 3,200
Common stock 9,900 7,300
Retained earnings 4,000 (2,200)
Total liabilities and equity $18,500 $8,300
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The following comparative balance sheets and income statement are available for AddieMae Inc.. Prepa...
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