Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

table [ [ - , 2 0 1 9 , 2 0 2 0 ] , [ OPERATING ACTIVITIES ] , [ Net income,$

\table[[-,2019,2020],[OPERATING ACTIVITIES],[Net income,$117,100,$ 161,725],[Depreciation,21,422,27,988],[Accounts recolvable,(18,823),(17,621)],[Invantory,(164,746),(51,351)],[Prepeid expenses,(802),(343)],[Accounts peyable,25,043,(43,151)],[Income taxes payable,(8,066),81,992],[Net cash flow from operations,(28,852),150,230],[,,],[FINANCING ACTIVITES],[Bank loan pryable,(10,123),49,399],[Due to shareholders,107,898,(621,815)],[Common stock,=,],[Sharehoider contributions,-,552,789],[Dividends,-,-],[Net cash flow from financing,97,775,(19,627)],[INVESTING ACTIVITIES],[Net purchases,(125,948),(121,841)],[Net cash flow,(57,025),17,771],[Begennring cash,80,468,23,441],[ending cash,$23,441,541.212) question - PREPARE A THOROUGH ANALYSIS OF KITSCH WINES STATEMENT OF CASH FLOW;
1) FROM 2019 TO 2020 WHAT CASH WAS GENERATED FROM OPERATIONS AND HOW WAS IT GENERATED
2) WHAT ARE THE LARGEST SOURCES AND USES OF CASH
3)WHAT DOES CASH FLOW STATEMENT TELL YOU ABOUT KITSCH WINES FINANCING AND INVESTING PATTERNS
4) WHAT DOES IT MEAN FOR THE COMPANY GOING FORWARD Prepare a thorough analysis of Kitsch Wines statement of cash flows:
a. From 2019 to 2020, what cash was generated from operations and how was it generated?
What are the largest sources and uses of cash? What does the cash flow statement tell you
about Kitsch wines financing and investing patterns? What does this mean for the company
going forward?
image text in transcribed

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

Fundamentals Of Strategy

Authors: Gerry Johnson, Kevan Scholes, Richard Whittington

2nd Edition

0273713108, 9780273713104

More Books

Students also viewed these Accounting questions