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The Chicago Ballet (TCB) is a not-for-profit dance organization that puts on ballet performances throughout the Chicago area. TCB has analyze its financial health for
The Chicago Ballet (TCB) is a not-for-profit dance organization that puts on ballet performances throughout the Chicago area. TCB has analyze its financial health for fiscal year 2016, which ended on June 30, and has provided you with the following information from its financial statements: From the Statement of Financial Position as of June 30, 2016: Total Current Receivables: $7,721,000 Total Short-Term Investments: $9,379,000 Total Inventory: $267,000 Total PP&E, net: $5,231,000 Total Assets: $187,301,000 Total Current Liabilities: $2,908,000 Total Liabilities: $17,769,000 Total Net Assets: $169,532,000 From the Statement of Activities for the Year Ending June 30, 2016 Unrestricted Revenue and Support: $00,440,000 Total Program Services Expenses: $50,909,000 Total Supporting Services Expenses: $0,321,000 Total Operating Expenses: $60,230,000 Change in Net Assets: $12,289,000 From the Statement of Cash Flows for the Year Ending June 30, 2016: . Cash and Cash Equivalents at End of Year: $2,932,000 Net Cash Flows from Operating Activities: ($9,249,000) Net Cash Flows from Investing Activities: $7,701,000 Net Cash Flows from Financing Activities: $410,000
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