$ STU Corporation Comparative Statement of Financial Position ($ thousand) December 31 2017 2016 Cash $ 35 305 $ 25 000

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Stu Corporation Comparative Statement Of Financial Position Thousand December 31 2017 2016 Cash 35 305 25 000 1 (64.03 KiB) Viewed 35 times

Stu Corporation Comparative Statement Of Financial Position Thousand December 31 2017 2016 Cash 35 305 25 000 2 (36.76 KiB) Viewed 35 times

$ STU Corporation Comparative Statement of Financial Position ($ thousand) December 31 2017 2016 Cash $ 35 305 $ 25 000 Accounts receivable $ 57 850 $ 51 000 Inventory $ 62 500 $ 60 000 Prepaid rent $ 3 000 $ 4 000 Equipment $ 151 000 $ 130 000 Less: accumulated depreciation $ (35 000) $ (25 000) Goodwill $ 37 500 $ 50 000 Total assets $ 312 155 $ 295 000 in un $ Accounts payable Income tax payable Salaries and wages payable Short-term loans payable Long-term debts Common shares Retained earnings Total liabilities and shareholders' equity $ $ $ $ $ $ $ $ 45 000 4 000 8 000 9 000 60 000 130 000 56 155 312 155 $ $ $ $ $ $ $ $ 40 000 6 000 4 000 10 000 69 000 130 000 36 000 295 000
Y STU Corporation Income Statemenmt ($ thousand) Year ending December 31, 2017 Sales revenue $ 338 000 Cost of goods sold $ 165 000 Gross profit margin $ 173 000 Salary and wage expense $ 69 000 Depreciation expense х Other operating expenses Total operating expenses $ 120 000 Operating income $ 53 000 Other expenses(revenue): Interest expense $ 4 000 Impairment loss - goodwill $ 12 500 Loss(gain) on sale of equipment $ (2 500) $ 14 000 Income before income tax $ 39 000 Income tax expense $ 9 750 Net income $ 29 250 Additional information: 1 Equipment with a cost of $20,000 that was 80% depreciated was sold during 2017. 2 No items impacted earnings other than net income and dividends. 3 If the FIFO method had been in use, inventories would have been $22,000 thousand and $21,000 thousand higher than reported at December 31, 2017 and 2016, respectively. 4 Long-term debts are issued at par. 5 The effective tax rate for 2017 and earlier periods is 25%.
For the next 6 Questions: Use the financial statements of STU Corporation. (The Excel file distributed on 5/9.) Assume all purchases and sales are on credit and there are 365 days in one year. Round to the first decimal place, such as 2345.6, if necessary. Find X and Y in the income statement, then calculate STU's cash flow from operating activities in 2017. thousand. What amount of cash dividends did STU pay in 2017? (Note: Answer in a positive number.) thousand