Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Below are approximate amounts related to cash flow information reported by five companies in previous years. 1. Rectangle reports operating cash flows of $3.59

image

Below are approximate amounts related to cash flow information reported by five companies in previous years. 1. Rectangle reports operating cash flows of $3.59 billion, investing cash flows of $0.59 billion, and financing cash flows of - $4.18 billion. 2. Circle reports operating cash flows of $1.39 billion, investing cash flows of -$0.29 billion, and financing cash flows of -$1.38 billion. The beginning cash amount is $0.69 billion. 3. Pentagon reports operating cash flows of $0.08 billion, investing cash flows of $0.62 billion, and a change in total cash of $0.05 billion. 4. Square reports operating cash flows of $0.59 billion, financing cash flows of $0.41 billion, and a change in total cash of $0.01 billion. 5. Hexagon reports investing cash flows of -$1.40 billion, financing cash flows of $1.02 billion, and a change in total cash of $0.01 billion. Note: Net cash outflows should be indicated with a minus sign. Enter your answers in billions rounded to 2 decimal places. Required: 1. What is the amount of the change in total cash of Rectangle? 2. What is the ending cash amount of Circle? 3. What is the amount of cash flows from financing activities of Pentagon? 4. What is the amount of cash flows from investing activities of Square? 5. What is the amount of cash flows from operating activities of Hexagon? 1. Change in total cash 2. Ending cash amount $ 0.00 billion billion 3. Amount of outflows 4. Amount of outflows 5. Amount of inflows billion billion billion

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

3rd edition

9780077506902, 78025540, 77506901, 978-0078025549

More Books

Students also viewed these Algorithms questions