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The following data come from the financial statements of Water Sport Company for the year ended March 31, 2019 (in millions). (Click the icon to
The following data come from the financial statements of Water Sport Company for the year ended March 31, 2019 (in millions). (Click the icon to view the information.) Requirements 1. Prepare Water Sport Company's cash flow statement for the year ended March 31, 2019. Not all items listed will appear on the cash flow statement. 2. What activities provided the largest source of cash? Is this a sign of financial strength or weakness? Requirement 1. Prepare Water Sport Company's cash flow statement for the year ended March 31, 2019. Not all items listed will appear on the cash flow statement. (Use parentheses or a minus sign to show cash payments, cash outflows, and/or a net decrease in cash. If a box is not used in the statement of cash flow leave the box empty; do not select a label or enter a zero.) Data Table Purchases of Other investing property, cash Millions plant, and Cash flows from operating activities: equipment for cash .....$ 2,700 payments ..$ 210 Accounts Net cash provided by used for) operating Net income ... 3,060 receivable ..... 900 activities Adjustments to Payment of Cash flows from investing activities: reconcile net dividends ..... 280 income to net cash provid... Common stock . 4,840 by operating Issuance of activities . 2,400 common stock. 205 Cash proceeds Net cash provided by (used for) investing Revenues .... 59,200 on sale of activities Cash, Cash flows from financing activities: beginning of property, plant, year ........ 275 and equipment 20 Retained end of year 2,770 earnings ...... 12,910 Net cash provided by (used for) financing Cost of goods activities sold ......... 37,490 Net increase (decrease) in cash Cash, beginning of the year Print Done Cash, ending of the year Requirement 2. What activities provided the largest source of cash? Is this a sign of financial strength or weakness? V activities provided the largest amount of Water Sport's cash. This is usually a sign of financial because should be the main source of cash
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