Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sho's 2012 SemerceChow salos SOBATANA Adi Deprecation Det meny the app Det Sub Cafe.SPACE CustomACTIC Ditmessed Prebende BORSENS Casa Cand.me 1. What was the company's

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Sho's 2012 SemerceChow salos SOBATANA Adi Deprecation Det meny the app Det Sub Cafe.SPACE CustomACTIC Ditmessed Prebende BORSENS Casa Cand.me 1. What was the company's free cash flow in 2021? 2. What were the major sources of cash from financing activities during 2021? Did the net effect of financing activities result in an increase or a decrease in cash during the year? 3. What happened to the total amount of cash and cash equivalents during the year? Assuming 2021 was a typical year, is the firm in a position to continue its dividend payments in the future? Explain 4. Look at the reconciliation of net income to net cash provided by operating activities, and explain the following: a. Net loss (gain) from the sale of marketable securities b. Increase in accounts receivable Question 2 Shill company's 2021 Statement of Cash Flows is as follows: Cash flows from OPERATING ACTIVITIES Net income Add: Depreciation expense Decrease in inventory Increase in accounts payable Subtotal Less: Increase in accounts receivable Decrease in accrued expenses payable Gain on sales of marketable securities Subtotal Net cash provided by operating activities Net cash provided by operating activities Cash flows from INVESTING ACTIVITIES Proceeds from sales of marketable securities Cash paid to acquire plant assets (see more explanation below **) Net cash provided by investing activities Cash flows from FINANCING ACTIVITIES Dividends paid Payments to retire bonds payable Net cash used for financing activities NET DECREASE IN CASH Cash and equivalents January 1, 2021 Cash and equivalents December 31, 2021 Suplementary schedule Purchases of plant assets Less portion financed through issuance of long term debt Cash paid to acquire plant assets 1. What was the company's free cash flow in 2021? 2. What were the major sources of cash from financing activities during 2021? Did the net effect of financing activities result in an increase or a decrease in cash during the year? 3. What happened to the total amount of cash and cash equivalents during the year? Assuming 2021 was a typical year, is the firm in a position to continue its dividend payments in the future? Explain 4. Look at the reconciliation of net income to net cash provided by operating activities, and explain the following: a. Net loss (gain) from the sale of marketable securities b. Increase in accounts receivable Sho's 2012 SemerceChow salos SOBATANA Adi Deprecation Det meny the app Det Sub Cafe.SPACE CustomACTIC Ditmessed Prebende BORSENS Casa Cand.me 1. What was the company's free cash flow in 2021? 2. What were the major sources of cash from financing activities during 2021? Did the net effect of financing activities result in an increase or a decrease in cash during the year? 3. What happened to the total amount of cash and cash equivalents during the year? Assuming 2021 was a typical year, is the firm in a position to continue its dividend payments in the future? Explain 4. Look at the reconciliation of net income to net cash provided by operating activities, and explain the following: a. Net loss (gain) from the sale of marketable securities b. Increase in accounts receivable Question 2 Shill company's 2021 Statement of Cash Flows is as follows: Cash flows from OPERATING ACTIVITIES Net income Add: Depreciation expense Decrease in inventory Increase in accounts payable Subtotal Less: Increase in accounts receivable Decrease in accrued expenses payable Gain on sales of marketable securities Subtotal Net cash provided by operating activities Net cash provided by operating activities Cash flows from INVESTING ACTIVITIES Proceeds from sales of marketable securities Cash paid to acquire plant assets (see more explanation below **) Net cash provided by investing activities Cash flows from FINANCING ACTIVITIES Dividends paid Payments to retire bonds payable Net cash used for financing activities NET DECREASE IN CASH Cash and equivalents January 1, 2021 Cash and equivalents December 31, 2021 Suplementary schedule Purchases of plant assets Less portion financed through issuance of long term debt Cash paid to acquire plant assets 1. What was the company's free cash flow in 2021? 2. What were the major sources of cash from financing activities during 2021? Did the net effect of financing activities result in an increase or a decrease in cash during the year? 3. What happened to the total amount of cash and cash equivalents during the year? Assuming 2021 was a typical year, is the firm in a position to continue its dividend payments in the future? Explain 4. Look at the reconciliation of net income to net cash provided by operating activities, and explain the following: a. Net loss (gain) from the sale of marketable securities b. Increase in accounts receivable

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Audit Firm Size And Audit Quality In Nigeria An Empirical Review

Authors: LAP Lambert

1st Edition

6139825466, 978-6139825462

More Books

Students also viewed these Accounting questions