(Related to Checkpoint 3.2) (Review of financial statements) A scrambled list of accounts from the income statement and balance sheet of Belmond, Inc. is found here: a. How much is the firm's net working capital? b. Complete an income statement and a balance sheet for Belmond. c. If you were asked to respond to parts (a) and (b) as part of a training exercise, what could you tell your boss about the company's financial condition based on your answers? a. How much is the firm's net working capital? The firm's net working capital is $ (Round to the nearest dollar.) (Related to Checkpoint 3.3) (Analyzing the cash flow Statement) Google, Inc. (GOOG), is one of the most successful Internet firms, and it experienced very rapid growth in revenues from 2011 through 2014. The cash flow statements for Google, Inc. spanning the period are found here: : . Answer the following questions using the information found in these statements: a. Is Google generating positive cash flow from its operations? b. How much did Google invest in new capital expenditures over the period? c. Describe Google's sources of financing in the financial markets over the period? d. Based solely on the cash flow statements for 2011 through 2014, write a brief narrative that describes the major activities of Google's management team over the period. a. Is Google generating positive cash flow from its operations? (Select the best choice below.) O A. Google has generated positive cash flow from its operations during the years 2011, 2013, and 2014, O B. Google has generated positive cash flow from its operations during the years 2012, 2013, and 2014. OC. Google has generated positive cash flow from its operations during the years 2011, 2012, and 2014. 4 Inventory Common stock 3 Cash Operating expenses 5 Short-term notes payable 6 Interest expense 7 Depreciation expense 8 Sales 9 Accounts receivable 10 Accounts payable 11 Long-term debt 12 Cost of goods sold 13 Buildings and equipment 14 Accumulated depreciation 15 Taxes 16 General and administrative expense 17 Retained earnings $6,480 45010 16600 1400 600 850 520 12750 9650 4800 553501 5740 121890 34190 1460 800 416 1 (US$ millions) 2 Net income 3 Depreciation 4 Amortization 5 Deferred taxes 6 Noncash items 7 Changes in working capital 8 Cash from operating activities 9 Capital expenditures 10 Other investing cash flow items 11 Cash from investing activities 12 Interest and financing cash flow items 13 Total cash dividends paid 14 Issuance (retirement) of stock 15 Issuance (retirement) of debt 16 Cash from financing activities 17 Foreign exchange effects 18 Net change in cash 112/31/2014 12/31/2013 12/31/2012 12/31/2011 $14,483 $12,932 $10,790 $9,763 3488 2705EBEBLE 1955 1375 1419 1179 REFERRED 911 (136) (485) (243) 355 2680 2254 2253 2009 347 (27) BEEFT 906 6 25 $22,281 $18,558 FREE $16,572 $14,543 $(10,958) $17,377) $(3,220) $(3,486) (10,106) (6,331) (9,753) (15,642) $(21,064) S(13,708) $(12,973) $(19,128) S(1,458) $(315) S(102) $78 ! 30 1347 794 $1,275 $872 (11) $(1,466) $(452) IS(701) (596) $(911) $(4) $3,935 $5 $29 $(3,684) $4,879
