Question
Use the following information about Kenny Company to answer questions 24-28. Cash $50,000 Short term investments $150,000 Accounts Receivable $250,000 Inventories $500,000 Net PP&E $2,000,000
Use the following information about Kenny Company to answer questions 24-28.
Cash $50,000
Short term investments $150,000
Accounts Receivable $250,000
Inventories $500,000
Net PP&E $2,000,000
Other Long Term Assets $300,000
Accounts Payable $300,000
Notes Payable $100,000
Accruals $100,000
Long-term Debt $500,000
Please answer the following questions to determine the missing pieces of this balance sheet:
Kennys Total Current Assets?
Kennys Total Assets?
Kennys Total Current Liabilities?
Kennys Total Liabilities?
Kennys Shareholders (Common) Equity?
Use the following Cash Flow Statement for Stanleys Store for questions 29-32:
Net Income $200
Depreciation Expense $200
Increase in accounts receivable $100
Increase in inventories $200
Increase in accounts payable $50
Increase in accruals $50
Capital Spending (or cash used to buy fixed assets) of $500
Sale of short-term investments $50
Increase in debt $300
Dividends Paid $100
Based on this information, answer the following questions:
What were cash from operations?
How much cash was (used) or generated from investing activities?
How much cash was (used) or generated from financing activities?
What was the net change in cash for Stanleys Store?
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