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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?
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: 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 $ 105,400 83,700 112,400 301,500 297,000 99,000 198,000 $ 499,500 Beginning Balance $ 126,650 90,200 102,500 319,350 287,000 71,750 215, 250 $ 534,600 Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 65,600 50,900 123,000 143,500 116,500 $ 499,500 $ 116,500 68,600 102,500 123,000 124,000 $ 534,600 During the year, Ravenna paid a $12,300 cash dividend and it sold a piece of equipment for $6,150 that had originally cost $14,400 and had accumulated depreciation of $9,600. 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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