Question
QS 12-17 Analyzing sources and uses of cash LO A1 Financial data from three competitors in the same industry follow. ($ in thousands) Moore Sykes
QS 12-17 Analyzing sources and uses of cash LO A1
Financial data from three competitors in the same industry follow.
| ($ in thousands) | Moore | Sykes | Kritch | ||||||||
| Cash provided (used) by operating activities | $ | 70,000 | $ | 60,000 | $ | (24,000 | ) | ||||
| Cash provided (used) by investing activities | |||||||||||
| Proceeds from sale of operating assets | 26,000 | ||||||||||
| Purchase of operating assets | (28,000 | ) | (34,000 | ) | |||||||
| Cash provided (used) by financing activities | |||||||||||
| Proceeds from issuance of debt | 23,000 | ||||||||||
| Repayment of debt | (6,000 | ) | |||||||||
| Net increase (decrease) in cash | $ | 36,000 | $ | 26,000 | $ | 25,000 | |||||
| Average total assets | $ | 790,000 | $ | 625,000 | $ | 300,000 | |||||
1. Which of the three competitors is in the strongest position as shown by its statement of cash flows?
Moore
Sykes
Kritch
2. Which of the three competitors has the strongest cash flow on total assets ratio?
Moore
Sykes
Kritch
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
How To Avoid IRS Audits
Authors: Victor S. Sy, CPA, MBA, Allana Santos, Roger Oriel, Louie Gajardo, Malou Aguilar Bledsoe, RJ Oriel, Mark Xavier Bautista, Kenno Samulde, Morton D Rosenthal Esq.
1st Edition
1530746477, 978-1530746477
