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Use the Balance Sheet and Income Statement to answer the questions below BALANCE SHEET 2015 2014 INCOME STATEMENT 2015 2014 ASSETS CASH AND MARKETABLE SECURITIES

Use the Balance Sheet and Income Statement to answer the questions below BALANCE SHEET 2015 2014 INCOME STATEMENT 2015 2014 ASSETS CASH AND MARKETABLE SECURITIES 29,000 25,000 NET REVENUES & SALES (100,000 $12,000 ACCOUNTS RECEIVABLE 116,000 100,000 700,000 INVENTORIES 145.000 125.000 UNITS) CURRENT ASSETS 290,000 250,000 COST OF GOODS SOLD GROSS PROFIT 522,000 450,000 290,000 250,000 FIXED OPERATING EXPENSES (pre 174,200 151,000 GROSS PLANT AND EQUIPMENT LESS: ACCUMULATED DEPRECIATION 362,000 300,000 130,000 100,000 NET FIXED ASSETS 232,000 200,000 depreciation DEPRECIATION EXPENSE 30.000 25.000 TOTAL ASSETS $22,000 500,000 OPERATING INCOME (EBIT) 85,800 74,000 INTEREST 14.500 LIABILITIES AND EQUITY 14.000 INCOME BEFORE TAXES (EBT) 71,300 60,000 ACCOUNTS PAYABLE 90,480 78,000 INCOME TAXES (40%) 28.520 24.000 ACCRURALS 34,800 30,000 NET INCOME NUMBER OF SHARES OUTSTANDING 42,780 36,000 NOTES PAYABLE 25.420 34,000 CURRENT LAIBILITIES 150,700 147,000 LONG TERM DEBT 50,000 50,000 145.000 140.000 TOTAL LIABILITIES 295,700 282,000 COMMON STOCK ($1.00 par) RETAINED EARNINGS 150,000 50.000 76.300 68.000 TOTAL OWNER'S EQUITY 226,300 218,000 TOTAL LIABILITIES AND EQUITY 522,000 500,000 Calculate the cash flow from operating activities $54,060 Calculate the cash flow from long term Investing activities -$62,000 Calculate the cash flow from financing activities if dividends are $0.25 per share. [Select]

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