Question
Using the following information, compute Net Cash Flow from Operating Activities. Note that some of the numbers in this problem are the same as those
Using the following information, compute Net Cash Flow from Operating 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) = 682 Depreciation (as reported on the 2012 Income statement) = 329 Net Cash Flow from Operating 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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started