Thalina Mineral Works is one of the worlds leading producers of cultured pearls. The companys condensed statement
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Thalina Mineral Works is one of the world’s leading producers of cultured pearls. The company’s condensed statement of cash flows for the years 2018—2020 follows.
Required
Comment on Thalina Mineral Works’ cash flows. Do you see any indicators of potential liquidity problems?
Transcribed Image Text:
2020 2019 2018 Net cash used by operating activities Net cash used by investing activities Net cash used by financing activities $ (937,703) $ (4,938,229) (261,468) (1,514,680) $ (1,786,654) (333,202) (5,120,909) (336,980) (186,582) Net change in cash and equivalents Cash and cash equivalents at beginning of year (1,461,265) (6,714,377) (7,240,765) 7,048,409 13,762,786 21,003,551 Cash and cash equivalents at end of year $ 5,587,144 $ 7,048,409 $ 13,762,786
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