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can you please explain how to also calculate net cash from operating and net cash from financing activities? The following balance sheet and income statement
can you please explain how to also calculate net cash from operating and net cash from financing activities?
The following balance sheet and income statement should be used for questions #44 through #57: Windswept, Inc 2005 Income Statement (S in millions) Sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable Income Less: Taxes Net income $8,450 7,240 400 810 70 $ 740 259 $481 Windswept, Inc 2004 and 2005 Balance Sheets (S in millions) Cash Accounts rec Inventory Total 2004 2005 S 120 S 140 930 780 14801,520 $2,530 $2,440 Net fixed assets 3150 3600 Accounts payable Long-term debt Common stock Retained earnings 2004 2005 $1,110 S1,120 840 1,210 3,200 3,000 530710 5.6806040 Total liabilities&equity S5680 56.040 Total assets 53. What is the amount of the net cash from investment activity for 2005? A. $250 million B. S450 million C. $700 million D. $850 million 54. What is the net change in cash during 2005? A. -$40 million B. -$20 million C $20 million D. $40 millionStep by Step Solution
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