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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:
- Prepare the Cash Flow Statement using the indirect method.
- Calculate the Net Cash provided by Operating Activities.
- Determine the Net Cash used in Investing Activities.
- Calculate the Net Cash provided by Financing Activities.
- Assess Microsoft's cash flow performance.
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