Question
Below is the balance sheet for Northern Comfort Company for December 31 of 2019 and 2020. 2019 2020 2019 2020 Cash 850 1,050 Accounts payable
Below is the balance sheet for Northern Comfort Company for December 31 of 2019 and 2020.
2019 | 2020 | 2019 | 2020 | |||
Cash | 850 | 1,050 | Accounts payable | 2,550 | 3,150 | |
Accounts receivable | 2,550 | 3,150 | Current liabilities | 2,550 | 3,150 | |
Inventory | 2,550 | 3,150 | Long-term debt | 5,100 | 6,300 | |
Current assets | 5,950 | 7,350 | Total liabilities | 7,650 | 9,450 | |
Net fixed assets | 11,050 | 13,650 | Equity | 9,350 | 11,550 | |
Total assets | 17,000 | 21,000 | Total liab. & equity | 17,000 | 21,000 |
The income statement for 2020 is also given:
Amount | |
Sales | 50,400 |
Operating costs except dep. | 27,720 |
Depreciation | 5,040 |
EBIT | 17,640 |
Interest | 5,040 |
Taxes | 3,150 |
Net income | 9,450 |
The company paid $7,250 in dividends to shareholders in 2020.
What was the cash flow from operating activities? (Use negative number for cash outflows or decrease in cash)
What was the cash flow from investing activities? (Use negative number for cash outflows or decrease in cash)
What was the cash flow from financing activities? (Use negative number for cash outflows or decrease in cash)
What was the net cash flow for the year? (Use negative number for cash outflows or decrease in cash)
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