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7. Given the following information concerning the Ansawrx Company, answer questions 7a-7c: Ansawry Company Balance Sheets For the Year Ending December 31, 2004 and 2005

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7. Given the following information concerning the Ansawrx Company, answer questions 7a-7c: Ansawry Company Balance Sheets For the Year Ending December 31, 2004 and 2005 (dollars in thousands) Cash Accounts receivable Inventories Total current assets Net fixed assets Total assets _2004 1,800 3,000 7.200 12,000 65,000 77,000 2005 900 2,000 9.000 11,900 75,100 87,000 Notes payable Accounts payable Accrued expenses Total current liabilities Long-term debt Common stock ($0.20 par value) Retained earnings Total liability & equity 300 3,200 500 4,000 39,300 13,700 20,000 77,000 900 4,600 300 5,800 44,000 11,700 25,500 87,000 Additional Data from 2005 Income Statement in thousands: Depreciation $ 6,200 Net income $ 15,000 7a. Net cash flow from operating activities for 2005 a $ 15,000 b. $ 15,400 c. $ 21,600 d. $ 22,200 e. $ 25,200 7b. Net cash flow from investing activities for 2005 a. $ 900 b. $10,100 C. $10,100 d. $16,300 e. $16,300 7c. Net cash flow from financing activities for 2005 a. $ 2,200 b. $ 6,200 c. $ 6,800 d. $ 16,300 e. $ 17,200

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