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
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) = 590 Depreciation (as reported on the 2012 Income statement) = 111
Net Cash Flow from Investing Activities = __________
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