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Facebook, Inc. Cash Flow Data for 2023: Category Amount Net Income $5,800,000 Depreciation Expense $1,300,000 Change in Accounts Payable $500,000 Change in Inventory ($700,000) Purchase

Facebook, Inc. Cash Flow Data for 2023:

Category

Amount

Net Income

$5,800,000

Depreciation Expense

$1,300,000

Change in Accounts Payable

$500,000

Change in Inventory

($700,000)

Purchase of New Servers

$2,800,000

Proceeds from Issuing Stock

$1,500,000

Requirements:

  1. Prepare the Cash Flow Statement using the indirect method.
  2. Calculate the Net Cash provided by Operating Activities.
  3. Determine the Net Cash used in Investing Activities.
  4. Compute the Net Cash provided by Financing Activities.
  5. Evaluate Facebook, Inc.'s cash flow management.

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