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Hampton Industries had $70,000 in cash at year-end 2015 and $25,000 in cash at year-end 2016. The firm invested in property, plant, and equipment totaling
Hampton Industries had $70,000 in cash at year-end 2015 and $25,000 in cash at year-end 2016. The firm invested in property, plant, and equipment totaling $120,000. Cash flow from financing activities totaled +$130,000. Round your answers to the nearest dollar, if necessary.
- What was the cash flow from operating activities? Enter cash outflows with a minus sign.
- If accruals increased by $50,000, receivables and inventories increased by $200,000, and depreciation and amortization totaled $59,000, what was the firm's net income?
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