Question
PepsiCo Inc. Year-End Financial Overview: Statement of Income: Item Amount Revenue $18,000,000 Cost of Goods Sold $11,200,000 Operating Expenses $3,500,000 (Depreciation: $400,000) Interest Expense $120,000
PepsiCo Inc. Year-End Financial Overview:
Statement of Income:
Item | Amount |
Revenue | $18,000,000 |
Cost of Goods Sold | $11,200,000 |
Operating Expenses | $3,500,000 (Depreciation: $400,000) |
Interest Expense | $120,000 |
Gain on Sale of Equipment | $95,000 |
Income Tax Expense | $260,000 |
Balance Sheet:
Item | 12/31/2022 | 12/31/2021 |
Cash | $1,700,000 | $1,200,000 |
Accounts Receivable | $650,000 | $600,000 |
Inventory | $1,200,000 | $1,100,000 |
Accounts Payable | $750,000 | $700,000 |
Additional Information:
Equipment sold for $350,000 (original cost $450,000, carrying value $290,000).
New equipment purchased for $300,000.
Dividends declared and paid: $450,000.
Treasury shares purchased: 2,500 shares for $250,000.
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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