Question
Using the following information, compute Net Cash Flow from Financing Activities. Note that some of the numbers in this problem are the same as those
Using the following information, compute Net Cash Flow from Financing Activities. Note that some of the numbers in this problem are the same as those in the previous problem. Some, however, are different. You must answer this problem separately.
Balance Sheets for the Years Ending Dec. 31, 2011 and 2012 | ||||
2011 | 2012 | |||
Cash | 300 | 400 | ||
Accounts receivable | 1,000 | 1,400 | ||
Inventories | 3,200 | 3,000 | ||
Current assets | 4,500 | 4,800 | ||
Net fixed assets | 3,800 | 4,300 | ||
Total assets | 8,300 | 9,100 | ||
Notes payable | 400 | 300 | ||
Accounts payable | 700 | 500 | ||
Accruals | 50 | 80 | ||
Current portion of long-term debt | 70 | 80 | ||
Current liabilities | 1,220 | 960 | ||
Long-term debt | 4,300 | 4,900 | ||
Common stock ($.20 par) | 1,200 | 1,300 | ||
Additional paid-in capital | 680 | 740 | ||
Retained earnings | 900 | 1,200 | ||
Total liabilities and equity | 8,300 | 9,100 |
Net income (as reported on the 2012 Income statement) = 462 Depreciation (as reported on the 2012 Income statement) = 369
Net Cash Flow from Financing Activities = __________ INPUT YOUR ANSWER WITHOUT A DOLLAR SIGN AND WITHOUT ANY COMMAS. IF YOU MEAN FOR YOUR ANSWER TO INDICATE A CASH INFLOW, ENTER THE ANSWER ONLY (for example, enter a cash inflow of $1,000 as 1000). IF YOU MEAN FOR YOUR ANSWER TO INDICATE A CASH OUTFLOW, PUT A NEGATIVE SIGN BEFORE YOUR ANSWER - DO NOT ENTER A SPACE BETWEEN THE NEGATIVE SIGN AND THE NUMBER (for example, enter a cash outflow of $1,200 as -1200)
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