Question
The following is cash flow data for Rocket Transport: Cash dividend $98,000 Purchase of bus $18,000 Purchase of inventory $35,000 Interest paid on long term
| The following is cash flow data for Rocket Transport: | |
| Cash dividend | $98,000 |
| Purchase of bus | $18,000 |
| Purchase of inventory | $35,000 |
| Interest paid on long term debt | $25,000 |
| Sales of old equipment | $45,000 |
| Sale of Inventory | $12,000 |
| Repurchase of stock | $127,000 |
| Cash payments to current suppliers | $125,000 |
| Issuance of new Bonds | $325,000 |
| Cash collections from current customers | $480,000 |
What is the Net Cash Flow from Operating Activities?
| a. | Net Cash Flow from Operating Activities = $332,000 | |
| b. | Net Cash Flow from Operating Activities = $355,000 | |
| c. | Net Cash Flow from Operating Activities = $273,000 | |
| d. | Net Cash Flow from Operating Activities = $402,000 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial Management Principles And Practice
Authors: Timothy Gallagher
7th Edition
0996095462, 978-0996095464
