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Microsoft Corporation Financial Data for 2023: Item Amount Net Income $8,500,000 Depreciation Expense $2,200,000 Change in Accounts Payable $400,000 Change in Inventory ($900,000) Purchase of

Microsoft Corporation Financial Data for 2023:

Item

Amount

Net Income

$8,500,000

Depreciation Expense

$2,200,000

Change in Accounts Payable

$400,000

Change in Inventory

($900,000)

Purchase of Marketable Securities

$1,500,000

Repayment of Long-term Debt

$1,000,000

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. Calculate the Net Cash provided by Financing Activities.
  5. Assess Microsoft's cash flow performance.

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