Cash Accounts receivable Inventory Current assets Net fixed assets Total assets 2011 800 3,700 8,400 12,900 34,500 47,400 2012 300 3,000 10,200 13,500 42,600 56,100 Notes payable Accounts payable Accruals Current liabilities Long-term debt Common stock Capital surplus Retained earnings Total liabilities and equity 1,000 600 1,600 10,700 6,000 18,900 10,200 47,400 1,600 800 700 3,100 10,000 8,000 24,100 10,900 56,100 In its 2011 income statement, Thompson Inc. reported net income of $ 1.190 and depreciation expense of $290. On its 2012 income statement, the company reported net income of $1,750 and depreciation expense of $790. Based on this information (and given the company's balance sheets for 2011 and 2012 in the chart above), compute Net Cash Flows from Operating Activities for Thompson in 2012. Record your answer as a dollar rounded (if necessary) to the nearest whole dollar, but do not include a dollar sign or any commas in your answer. Also, if your answer is a negative value, place a hyphen (i.e., -) before your answer with no space between the - and the number. For example, record -$23,426.9234 as -23427. Von Annor Question 18 (3 points) Thompson, Inc. Balance Sheets For the years ending December 31, 2011 and 2012) Cash Accounts receivable Inventory Current assets Net fixed assets Total assets 2011 800 3,700 8,400 12,900 34,500 47,400 2012 300 3,000 10,200 13,500 42,600 56,100 Notes payable Accounts payable Accruals Current liabilities Long-term debt Common stock Capital surplus Retained earnings Total liabilities and equity 1,000 600 1,600 10,700 6,000 18,900 10,200 1,600 800 700 3,100 10,000 8,000 24,100 10,900 56,100 47,400 In its 2011 income statement, Thompson Inc. reported net income of $1,070 and depreciation expense of $460. On its 2012 income statement, the company reported net income of $1,620 and depreciation expense of $710. Based on this information (and given the company's balance sheets for 2011 and 2012 in the chart above), compute Net Cash Flows from Investing Activities for Thompson in 2012. Record your answer as a dollar rounded (if necessary) to the nearest whole dollar, but do not include a dollar sign or any commas in your answer. Also, if your answer is a negative value, place a hyphen (i.e., -) before your answer with no space between the - and the number. For example, record -$23,426.9234 as -23427. Question 19 (3 points) Jeffersonson, Inc. Balance Sheets For the years ending December 31, 2011 and 2012) Cash Accounts receivable Inventory Current assets Net fixed assets 2011 500 2,800 9,300 12,600 48,200 11,600 72,400 2012 500 2,400 9,900 12,800 61,400 12,900 87,100 Land Total assets 1,000 1,700 Notes payable Accounts payable Accruals Current portion of LT Debt Current liabilities Long-term debt Common stock Additional paid in capital Retained earnings Total liabilities and equity 1,200 1,900 100 3,200 6,400 12,600 21,000 18,400 14,000 72,400 4,200 6,900 28,300 20,000 17,400 14,500 87,100 In its 2011 income statement, Jefferson Inc. reported net income of $1,380 and depreciation expense of $110. On its 2012 income statement, the company reported net income of $2,120 and depreciation expense of $530. Based on this information (and given the company's balance sheets for 2011 and 2012 in the chart above). compute Net Cash Flows from Financing Activities for Jefferson in 2012
