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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
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
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) = 713 Depreciation (as reported on the 2012 Income statement) = 250
Net Cash Flow from Investing Activities = __________
Show work--(what numbers were added and subtracted)
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