The CEO and CFO from Lawrence Hotels, Inc., are reviewing company performance for 2018. The income statement reports a 25% increase in net income over 2017 However, most of the increase resulted from a gain on insurance proceeds from fire damage to a building. The balance shoot shows a large increase in receivables. The cash flows statement, in summarized form, reports the following: Click the icon to view the cash flow statement.) Write a memo giving Lawrence's top executives your assessment of 2018 operations and your outlook for the future. Foas on the information content of the cash flows To: Managers of Lawrence Hotels, Inc. Subject: Assement of 2018 and Outlook for the Future 2016 was not a good year. Most of the increase in net income resulted from the gain on the insurance proceeds from fire damage to a building, which means mar normal operations were not very profitableThis is confirmed by the increase in receivables, which hints that collections are lagging cash, which is nows. Over the long run should provide the bulk of the The cash low data paint a similar picture. Operating activities cash it the business expects to Succeed Click to select your answer(s) and then click Check Ans dick Check besmet 3 Clear All we. Aroma ning Type here to search 42 backspace 10 a WERTY UOP rease resulted from a gain on insurance proceeds from fire damage to a building. The balance sheets summarized form, w the cash flow sta i Data Table vrence's top execut ..$ nce Hotels, Inc. 2018 and Outlook fo Net cash used for operating activities Net cash provided by investing activities Net cash provided by financing activities (53,700) 39,300 17,500 3,100 year. Most of the inc e not very profitable Increase in cash during 2018.. int a similar picture. O xpects to succeed. Print Done answer(s) and then click Check Answer. Clear All W ob ea99+ 9 Paragraph Styles NEXT QUESTION Consider three independent cases for the cash flows of Winter Merchandising Corporation Click the icon to view the statement of cash flows.) Requirement 1. For each case, identify from the statement of cash flows how the company generated the cash to acquire now plant assets. Rank the three cases from the most healthy financially to the least healthy. Case A: Issuing stock and the sale of plant assets generated the cash for the acquisition of plant assets Case B : generated for the acquisition of plant assets Click to select your answers) and then en este ca sorun Check And Clear All 2 parts Type here to search hp * ? - QWERTY UOPEL : nt ach case, ident wy financially to Case A Case B Case C Issuing stock ar cash flows from operating activities: Net income Depreciation and amortization Increase in current assets other than cash Decrease in current liabilities $ 25,000 $ 11,000 (27,000) 25,000 $ 11,000 (2,000) 25,000 11,000 (14,000) (1.000) (12,000) (3.000) (5,000) 29,000 21,000 Cash flows from investing activities: Acquisition of plant assets Sales of plant assets (102,000) select your answe 11.000 (102,000) 46,000 58.0001 (102,000) 111,000 9.000 191.000 Som maining Print Done arch O BL e 99. 9 > E11-20A (boot - X i Data Table Consider three independe (Click the icon to view Decrease Current names TIZOUT (3.000) OUT 29,000 000 21.000 le case: Requirement 1. For each case, ident healthy financially to Cash flows from investing activities: Acquisition of plant assets Sales of plant assets (102,000) 11,000 (91,000) (102,000) 46,000 (56,000) (102,000) 111,000 9,000 Case A: Issuing stock an Case B : Cash flows from financing activities: Issuance of stock Payment of debt 119,000 (27.000) 92,000 2,000) $ 76,000 (47,000) 29,000 2,000 $ 18,000 (28,000) (10,000) 20,000 $ Net increase (decrease) in cash Click to select your answe Print Done ck Answer 2 parts 2 remaining ype here to search NEXT QUESTION Scenic Industries began 2018 with accounts receivable, inventory, and prepaid exponses totaling $47.000 and its total current liabilities totaling $33.000. At the end of the year, these same current assets totaled $45,000, while its total current liabilities totaled $27,000. Not income for the yoar was $82,000. Included in nof income wore a $2,000 gain on the sale of land and depreciation expense of $5,000. Show how Scenic should report cash flows from operating activities for 2018. The company uses the Indirect method. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) 82000 Cash flows from operating activities: Not Income Adjustments to reconcile not income to net cash provided by used for) operating activities: Depreciation Gain on sale of land Decrease in Current a s Choose from any list or enter any number in the input fields and then click Check Answer Check Answer All parts showing Type here to search ++ ++*.* Scenic Industries began 2018 with accounts receivable, inventory, and prepaid expenses totaling $47,000 and its total current liabilities totaling $33,000. At the end of the year, these same current assets totaled $45,000, while its total current liabilities totaled $27,000. Net income for the year was $82,000. Included in net income were a $2,000 gain on the sale of land and depreciation expense of $5,000 Show how Scenic should report cash flows from operating activities for 2018. The company uses the indirect method. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash) Cash flows from operating activities: Not income 82000 Adjustments to reconcile net income to net cash provided by (used for operating activities: Depreciation Gain on sale of land Decrease in current labios Net cash provided by (used for operating activities Choose from any list or enter any number in the input fields and then click Check Answer Check Answer All parts showing Clear All 4/12/2000 ORIS @ 19.9 " Type here to search backup 45 WERTYUIOP