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Thunderbird Amusement Park-Balance Sheet as of June 30 Assets 2008 Cash $11,729 2007 $ 13,221 Accounts receivables 37,909 31,323 Inventory 91,617 77,244 Total current
Thunderbird Amusement Park-Balance Sheet as of June 30 Assets 2008 Cash $11,729 2007 $ 13,221 Accounts receivables 37,909 31,323 Inventory 91,617 77,244 Total current assets $141,255 $121,788 Fixed assets 563,323 444,712 Less: Accumulated depreciation 172,487 100,000 Net fixed assets 390,836 344,712 Total assets $532,091 $466,500 Liabilities and Stockholders' Equity Accounts payable $42,881 $ 38,549 Notes payable 16,753 Deferred taxes 16,788 12,004 21,934 Total current liabilities $76,422 $ 72,487 Long-term debt 61,290 78,445 Common stock 175,000 125,000 Retained earnings 219,379 190,568 Total liabilities and stockholders' equity $532,091 $466,500 (b) Using the indirect method and the balance sheet recreated and the information given below, answer the following questions Note: The company had a net income of $248,462, depreciation expenses were equal to $72,487 and dividends were paid. What is the firm's net cash flow from operating activities? What is the firm's net cash flow provided by (used in) investing activities? (iii) What is the firm's net cash flow from financing activities?
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