Question
Walmart Inc. Financial Data for the Year Ended December 31, 2022: Profit & Loss: Item Amount Sales $15,000,000 Cost of Goods Sold $9,500,000 Operating Expenses
Walmart Inc. Financial Data for the Year Ended December 31, 2022:
Profit & Loss:
Item | Amount |
Sales | $15,000,000 |
Cost of Goods Sold | $9,500,000 |
Operating Expenses | $3,000,000 (Including Depreciation: $350,000) |
Interest Expense | $100,000 |
Gain on Sale of Equipment | $85,000 |
Income Tax Expense | $240,000 |
Balance Sheet:
Item | 12/31/2022 | 12/31/2021 |
Cash | $1,500,000 | $1,000,000 |
Accounts Receivable | $600,000 | $550,000 |
Inventory | $1,000,000 | $900,000 |
Accounts Payable | $700,000 | $650,000 |
Additional Information:
Equipment sold for $300,000 (original cost $400,000, carrying value $260,000).
New equipment purchased for $250,000.
Dividends declared and paid: $400,000.
Treasury shares purchased: 2,000 shares for $200,000.
Requirements:
Calculate cash flows from operating activities.
Calculate cash flows from investing activities.
Calculate cash flows from financing activities.
Determine the ending cash balance.
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