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Previous Page Next Page Page 10 of 20 Question 10 (5 points) How much is Haydn's Net Cash Flow from Operating Activities for 2004? Use the following financial statement data to answer Questions 10 12. F.J. Haydn Company F.J. Haydn Company Balance Sheets Income Statement Years ending December 31 Year Ending December 31 (thousands of dollars) (thousands of dollars) Cash Accounts receivable Inventories Total current assets Net fixed assets Total Assets 2003 2004 5,500 2,900 4,000 2,000 6,200 9,000 15,700 13,900 84,300 87,000 100,000 100,900 Net sales Cost of goods sold Gross profit 2004 350,000 190,000 160,000 General & administrative expenses 75,000 Depreciation expense 15,000 Operating profit 70,000 Notes payables 1,500 1,900 Accounts payables 8,600 6,600 Accrued expenses 700 900 Total current liabilities 10,800 9,400 Long-term debt 37,500 42,000 Common stock ($2 par value) 12,000 8,000 Additional paid-in capital 14,520 9,500 Retained earnings 25.180 32.000 Interest expense Earnings before taxes Taxes Net income 18,500 51,500 17,500 34,000 Question 11 (5 points) Haydn's Net Cash Flow from Investing Activities for 2004 is -2,700 87,000 2,700 -87.000 -17,700