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Hampton Company reports the following information for its recent calendar year. Required: Prepare the operating activities section of the statement of cash flows using the
Hampton Company reports the following information for its recent calendar year. Required: Prepare the operating activities section of the statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) a. Equlpment with a book value of $79,500 and an original cost of $164,000 was sold at a loss of $35,000 b. Paid $100,000 cash for a new truck. c. Sold land costing $325,000 for $415.000 cash, yielding a gain of $90,000 d. Stock investments were sold for $92,100 cash, yleiding a gain of $16,250. Use the above information to determine cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.) company reported average total assets of $1,240,000 in Year 1 and $1,510,000 in Year 2 . Its net operating cash flow was $102,920 in fear 1 and $138,920 in Year 2. (1) Calculate its cash flow on total assets ratio for both years. (2) Did its cosh flow on total assets improve in Year 2 versus Year 1 ? Complete this question by entering your answers in the tabs below. Calculate its cash flow on total assets ratio for both years. A company reported averagn total assets of $1,240,000 in Year 1 and $1,510,000 in Year 2, Its net operating cash flow was $102,920 in Year 1 and $138,920 in Year (1) Calculate its cash flow on total assets ratio for both years. (2) Did its cash flow on total assets improve in Year 2 versus Year 1? Complete this question by entering your answers in the tabs below. Did its cash flow on total assets improve in Year 2 versus Year 1 ? Dud as cash Bos on total assels inprove in Year 2 versus Year 17 Use the above information about Ferron Company to prepare a complete statement of cash flows (direct method) for the current year ended December 31 . Use a note disclosure for any noncash investing and financing activities. (Amounts to be deducted should be indicated with a minus sign.) Jse the above information about Ferron Company to prepare a complete statement of cash flows (direct methoc) for the current year anded December 31 . Use a note disclosure for any noncash investing and financing activities. (Amounts to be deducted should be indicated with a minus sign.)
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