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Toba Pulp and Timber, Lid had the following financial statements for 20X1 and 20X2. Prepare a sources and uses of funds statement, and evaluate your
Toba Pulp and Timber, Lid had the following financial statements for 20X1 and 20X2. Prepare a sources and uses of funds statement, and evaluate your findings (in billion IDR) 20X2 IDR 32,000 ASSETS Cash Marketable securities Accounts receivable Inventories Current assets Net fixed assets Total 20X1 IDR 54,000 90,000 346,000 400,000 890,000 1,100,000 1,990,000 530,000 680,000 1,242,000 1,200,000 2,442,000 LIABILITIES AND EQUITY Accounts payable Accrued expenses Bank borrowings Current liabilities Common stock Retained earnings Total 400.000 220,000 100,000 720,000 150.000 1.120.000 1.990.000 630,000 300,000 230,000 1.160,000 150,000 1.132.000 2.442.000 Note: For 20X2, depreciation was IDR 110,000; interest paid was IDR 20,000; taxes paid amounted to IDR 115,000; and no dividends were paid. Using the information provided plus your sources and uses of funds statement from the table a. Prepare a statement of cash flows using the indirect method. b. Evaluate your findings Was your analysis based on the cash flow statement much different from that based on the flow of funds statement
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