Question
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
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) = 268
Net Cash Flow from Investing Activities = __________
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