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Problem 3.10: Compute net cash flow from operating activities for Acork Retail given the informa- tion below: Acork Retail Balance Sheets For the Year Ending

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Problem 3.10: Compute net cash flow from operating activities for Acork Retail given the informa- tion below: Acork Retail Balance Sheets For the Year Ending December 31, 2012 and 2013 (all figures in dollars) 2012 2013 Cash 1,350 1,820 Accounts receivable 3,840 3,450 Inventories 9,540 8,470 Total current assets 14,730 13,740 Gross fixed assets 32,650 47,620 (Accumulated depreciation) (12,870) (14,760) Net fixed assets 19,780 32,860 Land 10,000 13,000 Total assets 44,510 59,600 Notes payable 1,200 1,000 Accounts payable 2,480 Accruals 1,240 1,170 Current portion of LT debt 1,810 2,010 Total current liabilities 6,730 8,330 Long-term debt 16,650 26,790 Common stock 10,160 8,960 Retained earnings 10,970 15,520 Total liabilities and equity 44,510 59,600 Additional Data from 2013 Income Statement: Net income 8,270 4,150 Problem 3.10: Compute net cash flow from operating activities for Acork Retail given the informa- tion below: Acork Retail Balance Sheets For the Year Ending December 31, 2012 and 2013 (all figures in dollars) 2012 2013 Cash 1,350 1,820 Accounts receivable 3,840 3,450 Inventories 9,540 8,470 Total current assets 14,730 13,740 Gross fixed assets 32,650 47,620 (Accumulated depreciation) (12,870) (14,760) Net fixed assets 19,780 32,860 Land 10,000 13,000 Total assets 44,510 59,600 Notes payable 1,200 1,000 Accounts payable 2,480 Accruals 1,240 1,170 Current portion of LT debt 1,810 2,010 Total current liabilities 6,730 8,330 Long-term debt 16,650 26,790 Common stock 10,160 8,960 Retained earnings 10,970 15,520 Total liabilities and equity 44,510 59,600 Additional Data from 2013 Income Statement: Net income 8,270 4,150

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