Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Using the following information, compute Net Cash Flow from Investing Activities . Note that some of the numbers in this problem are the same as

Using the following information, compute Net Cash Flow from Investing 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) = 652 Depreciation (as reported on the 2012 Income statement) = 204

Net Cash Flow from Investing 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 id="mce_marker",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 id="mce_marker",200 as -1200)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finance And Sustainability

Authors: William Sun, Celine Louche, Roland Perez

1st Edition

1780520921, 978-1780520926

More Books

Students also viewed these Finance questions

Question

Why is the board of director roles in a tax-exempt corporation

Answered: 1 week ago