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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 $ $
Accounts receivable
Inventory
Total current assets
Property, plant, and equipment
Less accumulated depreciation
Net property, plant, and equipment
Total assets $ $
Accounts payable $ $
Income taxes payable
Bonds payable
Common stock
Retained earnings
Total liabilities and stockholders equity $ $
During the year, Ravenna paid a $ cash dividend and sold a piece of equipment for $ that originally cost $ and had accumulated depreciation of $ The company did not retire any bonds or repurchase any of its own common stock during the year.
Foundational Algo
What is the companys net cash provided by used in operating activities? Net Cash : provided by or used in operating activities $
What are the gross cash outflows in the investing section of the companys statement of cash flows? $
What is the companys net cash provided by used in investing activities?
Net cash provided by used in investing activities $
What are the gross cash inflows in the financing section of the companys
statement of cash flows? $
What is the companys net cash provided by used in financing activities?
Net cash provided by used in financing activities $
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