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Ravenna Company is a merchandiser using the indirect method to prepare the operating activities section of its statement of cash flows. Its balance sheet for

Ravenna Company is a merchandiser using the indirect method to prepare the operating activities section of its statement of cash flows. Its balance sheet for this year is as follows:
Ending Balance Beginning Balance
Cash and cash equivalents $ 113,600 $ 136,600
Accounts receivable 89,80096,800
Inventory 120,600110,000
Total current assets 324,000343,400
Property, plant, and equipment 318,000308,000
Less accumulated depreciation 106,00077,000
Net property, plant, and equipment 212,000231,000
Total assets $ 536,000 $ 574,400
Accounts payable $ 70,400 $ 125,000
Income taxes payable 54,60074,400
Bonds payable 132,000110,000
Common stock 154,000132,000
Retained earnings 125,000133,000
Total liabilities and stockholders equity $ 536,000 $ 574,400
During the year, Ravenna paid a $13,200 cash dividend and sold a piece of equipment for $6,600 that originally cost $15,600 and had accumulated depreciation of $10,400. The company did not retire any bonds or repurchase any of its own common stock during the year.
Foundational 15-11(Algo)
11. What is the companys net cash provided by (used in) operating activities? Net Cash : provided by or used in .... operating activities $_____
12. What are the gross cash outflows in the investing section of the companys statement of cash flows? $______
13. What is the companys net cash provided by (used in) investing activities?
Net cash provided by / used in investing activities $____
14. What are the gross cash inflows in the financing section of the companys
statement of cash flows? $_____
15. What is the companys net cash provided by (used in) financing activities?
Net cash provided by / used in ... financing activities $_____

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