Question
Intel Corporation Annual Financial Data: Profit and Loss Statement: Item Amount Sales $30,000,000 Cost of Goods Sold $19,500,000 Operating Expenses $6,500,000 (Including Depreciation: $600,000) Interest
Intel Corporation Annual Financial Data:
Profit and Loss Statement:
Item | Amount |
Sales | $30,000,000 |
Cost of Goods Sold | $19,500,000 |
Operating Expenses | $6,500,000 (Including Depreciation: $600,000) |
Interest Expense | $170,000 |
Gain on Sale of Equipment | $145,000 |
Income Tax Expense | $340,000 |
Balance Sheet:
Item | 12/31/2022 | 12/31/2021 |
Cash | $3,500,000 | $2,500,000 |
Accounts Receivable | $850,000 | $800,000 |
Inventory | $1,700,000 | $1,550,000 |
Accounts Payable | $950,000 | $900,000 |
Additional Information:
Equipment sold for $550,000 (original cost $700,000, carrying value $450,000).
New equipment purchased for $500,000.
Dividends declared and paid: $700,000.
Treasury shares purchased: 4,500 shares for $450,000.
Requirements:
Compute cash flows from operating activities.
Compute cash flows from investing activities.
Compute cash flows from financing activities.
Compute the ending cash balance.
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