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Comparative financial statement data for Carmono Company follow: This Year Last Year Assets S 15.50 82.00 132.50 230.00 279.00 58. 40 220. 60 $450.60 $
Comparative financial statement data for Carmono Company follow: This Year Last Year Assets S 15.50 82.00 132.50 230.00 279.00 58. 40 220. 60 $450.60 $ 30.00 75.00 120.80 225. 80 226.00 43.80 182.20 408. 00 Account s receivable Inventory Total current assets Property, plant, and equipnent Less accuulated depreciation Net property, plant, and equipnent Total assets Liabilities and Stockholders Equity Accouts payable Connon stcck Retained eamings S 79.50 182.00 189. 10 450.60 $62.00 13.00 207.00 $408.00 Total liabilities and stockholders equity For this year, the company reported net income as follows: Sales Cost of goods sold GrOES margin Selling and adhinistrative expenses Net incone $1,650.00 990.00 660.00 640.00 $ 20.00 This year Carmono declared and paid a cash dividend. There were no sales of property, plant, and equipment during this year. The company did not repurchase any of its own stock this year Required 1. Using the indirect method, prepare a statement of cash flows for this year 2. Compute Carmono's free cash flow for this year negative amounts. Round your intermediate calculations and final answers to 2 decimal places.) armono Company Statement of Cash Flows For This Year Ended December 31 Operating activities Adjustments to convert net income to a cash basis 0.00 0.00 Investing activities 0.00 Financing activities 0.00 0.00 Beginning cash and cash equivalents Ending cash and cash equivalents 0.00
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