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11. What is the amount of net cash provided by (used in) operating activities in the companys statement of cash flows? 12. What is the
11. What is the amount of net cash provided by (used in) operating activities in the companys statement of cash flows?
12. What is the amount of gross cash outflows reported in the investing section of the companys statement of cash flows?
13. What is the companys net cash provided by (used in) investing activities?
14. What is the amount of gross cash inflows reported in the financing section of the companys statement of cash flows?
15. What is the companys net cash provided by (used in) financing activities?
Required information [The following information applies to the questions displayed below.) Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. Its balance sheet for this year is as follows: Beginning Balance Cash and cash equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Ending Balance $ 69,200 57,300 76,900 203,400 207,000 69,000 138,000 $ 341,400 $ 82,600 61,600 70,000 214,200 196,000 49,000 147,000 $ 361,200 Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 44,800 34,900 84,000 98,000 79,700 $ 341,400 $ 79,700 42,500 70,000 84,000 85,000 $ 361,200 During the year, Ravenna paid a $8,400 cash dividend and it sold a piece of equipment for $4,200 that had originally cost $9,000 and had accumulated depreciation of $6,000. The company did not retire any bonds or repurchase any of its own common stock during the yearStep by Step Solution
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