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USE THE INFORMATION BELOW TO ANSWER THE FOLLOWING 3 QUESTIONS Mellon Company Balance Sheet For the Years Ending December 31, 2010 and 2011 (All figures
USE THE INFORMATION BELOW TO ANSWER THE FOLLOWING 3 QUESTIONS Mellon Company Balance Sheet For the Years Ending December 31, 2010 and 2011 (All figures in dollars) 2010 Cash Account receivable Inventory 1,500 3,740 10,120 15,360 56,100 (9,590) 46,510 61,870 1,820 3,980 8,470 14,270 63,840 (11,000) 52,840 67,110 Total current assets Gross fixed assets (Accumulated depreciation) Net fixed assets Total assets Notes payable Accounts payable Accruals Current portion of LT debt 1,000 2,260 1,570 470 1,000 4,150 1,640 1,730 8,520 34,790 1,500 9,460 12,840 67,110 Total current liabilities Lont-term debt Common stock Paid in capital Retained earnings 5,300 37,750 1,000 4,800 13,020 61,870 Total liabilities and equity Sales in 2011 238,000 9,940 Net income in 2011 25. Calculate the Cash flows from operating activities for 2011 26. Calculate the Cash flows from investing activities for 2011 27. Calculate the Cash flows from financing activities for 2011
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