Ch12 Case Study Assignment - Part 1 Statement of Cash Flows (Partial Operating Activities) Problem: Manifest Company reported net income of $350,000 for the current year. Depreciation recorded on buildings and equipment amounted to $95,000 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: Balance Sheet Amounts End of Year Beg of Year Increase / (Decrease) Cash Accounts Receivable $30,000 $32,000 $45,000 $15,000 $52,000 $70,000 Inventory Accounts Payable $15,000 $18,000 Instructions: Prepare the cash flows from the operating activities section of the statement of cash flows using the Indirect method. (Show amounts that decrease cash flow with either o - signe.g. -15,000 or In parenthesis e.g. (15,000).) Manifest Company Partial Statement of Cash Flows - Operating Activities Type correct description for statement Adjustments to reconcile net income to: Net cash provided by Operating Activities: Type correct description for adjustment Type correct description for adjustment Type correct description for adjustment Type correct description for adjustment Type correct description for statement Free Cash Flow Ratio Problem Crystelle Company had net sales for the year of $149,500, cost of goods sold of $15,500, net income of $25,400, net cash provided by operating activities of $40,000, net cash used by investing activities of $4,200, capital expenditures of $10.500, and cash dividends of $7,500 in dividends for the year. What is the free cash flow for the year? Instructions: Calculate the Free Cash Flow Ratio for Crystelle Company. Free Cash Flow Ratio Corporate Life Cycle Problem: Instructions 1: Enter the Net Income and Net cash provided (used) for each business activity" from a public company's Statement of Cash Flows for 2020. Use the same company financial statements from your Ch7 case study assements 2: Identify the likely phase in the company's corporate life cycle. Net cash Net cash provided (Used). Net cash provided. provided (Used). by Operating (Used) by. by Finandng Company (2020 Annual Report) Net Income Activities Investing Activities Activities Ukely Phase in the Company's Corporate Ufe Cyde Type company's name Type Likely Phase in the Company's Life Cycle