Question
Exercise 13.2 Using a Statement of Cash Flows (LO13-1, LO13-2, LO13-6) [The following information applies to the questions displayed below.] Auto Supply Companys 2015 statement
Exercise 13.2 Using a Statement of Cash Flows (LO13-1, LO13-2, LO13-6) [The following information applies to the questions displayed below.] Auto Supply Companys 2015 statement of cash flows appears in Exhibit 138. Study the statement and respond to the following questions: References Section BreakExercise 13.2 Using a Statement of Cash Flows (LO13-1, LO13-2, LO13-6) 1. Required information Exercise 13.2 Part a a. What was the companys free cash flow in 2015? (Enter your answer in thousands.) ReferenceseBook & Resources Multiple ChoiceExercise 13.2 Part a Ask your instructor a questionCheck my work 2. Required information Exercise 13.2 Part b-1 b-1. What were the major sources from financing activities during 2015? Dividend paid Retirement of Debt Proceeds from sales of marketable securities Depreciation expense None ReferenceseBook & Resources Multiple ChoiceExercise 13.2 Part b-1 Ask your instructor a questionCheck my work 3. Required information Exercise 13.2 Part b-2 b-2. What were the major uses of cash from financing activities during 2015? (Select all that apply.) ReferenceseBook & Resources Multiple ChoiceExercise 13.2 Part b-2 Ask your instructor a questionCheck my work 4. Required information Exercise 13.2 Part b-3 b-3. Did the net effect of financing activities result in an increase or a decrease in cash during the year? Increase Decrease ReferenceseBook & Resources Multiple ChoiceExercise 13.2 Part b-3 Ask your instructor a questionCheck my work 5. Required information Exercise 13.2 Part c-1 c-1. What happened to the total amount of cash and cash equivalents during the year? ReferenceseBook & Resources Multiple ChoiceExercise 13.2 Part c-1 Ask your instructor a questionCheck my work 6. Required information Exercise 13.2 Part c-2 c-2. Assuming 2015 was a typical year, is the firm in a position to continue its dividend payments in the future? Yes No ReferenceseBook & Resources Multiple ChoiceExercise 13.2 Part c-2 Ask your instructor a questionCheck my work 7. Required information Exercise 13.2 Part d d. Look at the reconciliation of net income to net cash provided by operating activities, and choose the correct statement from below. (Select all that apply.) ReferenceseBook & Resources Multiple ChoiceExercise 13.2 Part d
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