Question
Hi I need the below question answered ASAP for MBA 560 Financial and Managerial Accounting. Purchases of property, plant and equipment $3,500 Net Income 3,050
Hi I need the below question answered ASAP for MBA 560 Financial and Managerial Accounting.
Purchases of property, plant and equipment $3,500
Net Income 3,050
Adjustments to reconcile net income to net cash provided by operating activities 2,370
Revenues 58,800
Cash, beginning of the year 270
End of year 1,990
Cost of goods sold 37,570
Other investing cash payments 165
Accounts Receivable 900
Payment of dividends 270
Common stock 4,880
Issuance of common stock 200
Sales of property, plant and equipment 35
Retained earnings 12,950
Requirements
1.Prepare a cash flow statement for the year ended May 31, 2013.
Not all items given appear on the cash flow statement.
2.What activities provided the largest source of cash? Is this a sign of financial strength or weakness?
(Leave unused cells blank. Use a parentheses or a minus sign for any cash outflows, amounts to be subtracted and net decreases in cash.)
The Splash and Fun Company | |||||
Cash Flow Statement | |||||
For the Year Ended May 31, 2013 | |||||
Millions | |||||
Cash flows from operating activities: | |||||
Net income | |||||
Adjustments to reconcile net income to net cash provided by (used for) operating activities | |||||
Net cash provided by (used for) operating activities | |||||
Cash flows from investing activities: | ||
Net cash provided by (used for) investing activities |
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