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8 The balance sheets and some associated income statement data for Years 1, 2 and 3 for BigBox Retail, Inc. are presented in the tables

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8

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The balance sheets and some associated income statement data for Years 1, 2 and 3 for BigBox Retail, Inc. are presented in the tables below. Using this information, compute Net Cash Flows from Operating Activities for the company for Year 2 (that is, NCF from Operating Activities from the end of Year 1 to the end of Year 2). BigBox Retail, Inc. Balance Sheets for the Years Ending December 31, (all amounts in dollars) Year 1 Year 2 Year 3 Cash 10,560 16,040 12,750 Accounts receivable 73,920 88.220 97.750 Inventory 49,280 52,130 51,000 Total current assets 133,760 156,390 161,500 Net fixed assets 218,240 244,610 263,500 Total assets 352,000 401,000 425,000 Notes payable 3,520 8,020 4,250 Accounts payable 24,640 24,060 25,500 Accruals 3,520 8.020 4,250 Total current liabilities 31,680 40,100 34,000 Long-term debt 112,640 132,330 136,000 Common stock 63,360 68,170 76,500 Capital surplus 10,560 8,020 12,750 Retained earnings 133,760 152,380 165,750 Total liabilities and equity 352,000 401,000 425,000 Additional Data from Associated Income Statements: Year 1 Year 2 Year 3 Sales, net 704,000 802,000 850,000 Depreciation expense 18,260 19,010 19,620 Net income 14,080 16,040 17,000

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