The Limpid Pool Company reports net income of $25 million for 2000. Balance sheets at the beginning

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The Limpid Pool Company reports net income of $25 million for 2000. Balance sheets at the beginning and end of the year are shown below.

December 31 1999 2000

(Dollars in millions)

Cash $ 50 $ 70 Other current assets 80 145 Property, plant, and equipment (net) 170 135 Total assets $300 $350 Current liabilities $20 $15 Noncurrent liabilities 180 195 Common stock 80 110 Retained earnings 20 30 Total liabilities and shareholders’ equity $300 $350 The firm did not acquire any noncurrent assets during 2000.
Required Determine the following amounts for 2000:

a. Dividends paid

b. Cash flow from operating activities

c. Cash flow from investing activities

d. Cash flow from financing activities

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Related Book For  book-img-for-question

Financial Accounting Reporting And Analysis

ISBN: 9780324149999

6th Edition

Authors: Earl K. Stice, James Stice, Michael Diamond, James D. Stice

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