Question
Use the following financial statements to answer the next two questions. Selected Income Statement for Genoda, Inc: Sales (as recorded on year 2005 income statement):
Use the following financial statements to answer the next two questions.
Selected Income Statement for Genoda, Inc:
Sales (as recorded on year 2005 income statement): 1,520,400
Net income (as recorded on year 2005 income statement): 35,400
Depreciation (as recorded on year 2005 income statement): 24,600
Genoda, Inc.
Balance Sheets for the Years Ending December 31, 2004 and 2005
2004 2005
Cash 6,000 9,000
Accounts receivable 59,200 72,800
Inventories 104,600 95,200
Current assets 169,800 177,000
Net fixed assets 388,600 402,500
Total assets 558,400 579,500
Notes payable 12,000 8,600
Accounts payable 62,200 60,500
Accruals 8,500 9,600
Current portion of Long-term debt 10,200 9,200
Current liabilities 92,900 87,900
Long-term debt 185,900 195,800
Common stock 62,900 68,200
Additional paid-in capital 129,900 138,500
Retained earnings 86,800 89,100
Total liabilities and equity 558,400 579,500
1)The Net Cash Flow from Operating Activities for Genoda Inc. in 2005 is closest to what number?
2)The Net Cash Flow from Financing Activities for Genoda Inc. in 2005 is closest to what number?
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