Question 12

Intro Below is the balance sheet for Northern Comfort Company for December 31 of 2019 and 2020 2019 2020 850 1,000 Accounts payable 2019 2020 2,550 3,000 Cash 2,550 3,000 Current liabilities 2,550 3,000 Accounts receivable Inventory Current assets 2,550 3,000 Long-term debt 5,950 7,000 Total liabilities 11,050 13,000 Equity Total liab. & & 17,000 20,000 equity 5,100 6,000 7,650 9,000 9,350 11,000 Net fixed assets Total assets 17,000 20,000 The income statement for 2020 is also given: Sales Operating costs except dep. Depreciation EBIT Interest Taxes Net income Amount 48,000 26,400 4,800 16,800 4,800 3,000 9,000 The company paid $7,350 in dividends to shareholders in 2020. - Attempt 1/3 for 10 pts. Part 1 What was the cash flow from operating activities? (Use negative number for cash outflows or decrease in cash) 0+ decimals Submit Part 2 | Attempt 1/3 for 10 pts. What was the cash flow from investing activities? (Use negative number for cash outflows or decrease cash) 0+ decimals Submit Part 3 - Attempt 1/3 for 10 pts. What was the cash flow from financing activities? (Use negative number for cash outflows or decrease in cash) 0+ decimals Submit Part 4 * Attempt 1/3 for 10 pts. What was the net cash flow for the year? (Use negative number for cash outflows or decrease in cash) 0+ decimals Submit