cash flow sheet

Based on the cash flow analysis, explain how Dry Supply generated and used cash during 203. You will need the Statement of Cash Flows to apply what you have learned to analyze the three major sections of a business statement of cash flows. Background Anne Schippel, business banker, is analyzing Dry Supply's financial statements and has compiled a statement of cash flows for 203. The operating activities are shown in the Statement of Cash Flows. Answer the following questions with the information you have. 1. What are some questions Anne Schippel might ask Dry Supply to better understand the operating cash flows of the business? 2. What are some questions Anne Schippel should ask Dry Supply to better understand the investing cash flows of the business? 3. What are some questions Anne Schippel should ask Dry Supply or be thinkin about to better understand the financing cash flows of the business? Cash Flow from Operating Activities Net Income $23 Adjustments to reconcile net income to net cash Depreciation 13 Changes in current assets and current liabilities Accounts receivable (increase) decrease Inventory (increase) decrease Accounts payable - trade increase (decrease) (15) Accrued taxes increase (decrease) Accrued bonuses increase (decrease) 1 Net cash provided by operating activities $29 Cash Flow from Investing Activities Proceeds from sale of equipment Payment recelved on note for sale of plant Cash value life insurance decrease (increase) (2) Capital expenditures (17) Net cash provided by investing activities (\$19) Cash Flow from Financing Activities Proceeds from sale of stock Proceeds for short-term debt Proceeds from subordinated debt Repayment of debt Repayment under capital lease obligations Dividends paid Net cash provided by financing activities (9) 9 0 0 o $0