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 Accounts receivable Inventory Total current assets Property, plant, and equipment less accumulated depreciation Net property, plant, and equipment Total assets Ending Balance $ 56,200 47,100 63200 166,500 171.000 57.000 114,000 5200, 500 Beginning Balance $ 66,950 50, 600 57,500 175,050 161,000 40 250 120.750 $ 295,00 Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total liabilities and stockholders equity $36,800 28,700 69,000 30.500 65,500 $ 280,500 $ 65,500 33,600 57.500 69,000 70,000 $ 295,000 During the year, Ravenna paid a $6.900 cash dividend and it sold a piece of equipment for $3,450 that had originally cost $7,200 and had accumulated depreciation of $4,800. The company did not retire any bonds or repurchase any of its own common stock during the year. 11. What is the amount of net cash provided by (used in) operating activities in the company's statement of cash flows? Net cash used in operating activities [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: Cash Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Ending Balance $ 56,200 47,100 63,200 166 500 171.000 57 000 124.000 $ 280,500 Beginning Balance $ 66,950 50,600 $7,500 175,050 161,000 40,250 120,750 5 295,800 Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity 5 36,80 28,700 69.000 80,500 65 500 $ 280,500 5 65,500 33,800 57,500 69,000 78,000 $ 295,000 During the year, Ravenna paid a $6,900 cash dividend and it sold a piece of equipment for $3,450 that had originally cost $7,200 and had accumulated depreciation of $4,800. The company did not retire any bonds or repurchase any of its own common stock during the year. 12. What is the amount of gross cash outflows reported in the investing section of the company's statement of cash flows? Gross cash outllows 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: Cash Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Ending Balance $ 56,200 47,100 63.21 166,500 171,000 57,000 114,000 $ 200, 500 Beginning Balance $ 66,950 50,600 57,500 175.050 161,000 40.250 120.750 5 295,800 Accounts payable Incone taxes payable Bonds payable Connon stock Retained earnings Total liabilities and stockholders' equity 536,500 20,700 69,000 80,500 65,500 $ 200,500 $ 65,500 33.800 57,500 69.000 70,000 $ 295,800 During the year, Ravenna paid a $6,900 cash dividend and it sold a piece of equipment for $3,450 that had originally cost $7,200 and had accumulated depreciation of $4,800. The company did not retire any bonds or repurchase any of its own common stock during the year. 14. What is the amount of gross cash inflows reported in the financing section of the company's statement of cash flows? Gross cash Inllows 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 Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Ending Balance $ 56,200 47,100 63,200 166.500 171.000 57.000 114,000 $ 280,500 Beginning Balance $ 66,95 50,600 57,50 175,50 151.000 40,25e 120, 750 $ 295, Accounts payable Income taxes payable Donds payable Common stock Retained earnings Total liabilities and stockholders' equity $36,800 28,700 69,000 80,500 65.500 $ 280,500 $ 65,500 33,800 57.500 69,000 20,000 5 295,000 During the year, Ravenna paid a $6,900 cash dividend and it sold a piece of equipment for $3,450 that had originally cost $7.200 and had accumulated depreciation of $4.800. The company did not retire any bonds or repurchase any of its own common stock during the year 13. What is the company's net cash provided by used in investing activities? Nel cash vesting activities
