Background information: Anne Schippel, business banker, is analyzing Dry Supplys financial statements and has complied a statement of cash flows for 20xz. The operating activities
Background information:
Anne Schippel, business banker, is analyzing Dry Supplys financial statements and has complied a statement of cash flows for 20xz. The operating activities section is show below.
DRY SUPPLY STATEMENT OF CASH FLOWS FOR THE YEAR ENDING 12/31/20XZ ($ IN $000s)
CASH FLOW FROM OPERATING ACTIVITES
Cash flow from operating activities
Net Income $ 23
Adjustments to reconcile ne
Income to net cash depreciation 13
Changes in current assets and current liabilities
Accounts receivable (increase) decrease 1
Inventory (increase) decrease 5
Accounts payable trade increase
(Decrease) (15)
Income taxes payable increase (decrease) 1
Accrued bonuses increase (decrease) 1
Net cash provided by operating activities $29
What are some questions Anne Schippel might ask Dry Supply to better understand the operating cash flows of the business?
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