2. Using the summary of the analysis approach, what is the total cash outflows for 2019? * O A) $6,300 O B) $1,000 O C) $18,400 O D) $5,600 E) None of the above
2. Using the summary of the analysis approach, what is the total cash outflows for 2019? * O A) $6,300 O B) $1,000 O C) $18,400 O D) $5,600 E) None of the above
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Ag/ionmResponse pli=1
Consider the following statement of cash flows for Chicken Fil-A company.
(in thousands)
Cash flows from operating activities (CFO):
2020
2019
Net income
$8,100
$6,800
Adjustments to reconcile net income to CFO
Depreciation and amortization
3,100
900
(600)
1,600
Deferred income taxes
700
Other non-cash items
(700)
(Increase) decrease in operating assets and liabilities:
Accounts receivable
Inventories
Other current assets
Accounts payabie
Income taxes payable
(7,800)
(2,100)
(900)
1.300)
(2,300)
1,700
2,000
4.100
(800)
700
13.800
400
Accrued liabilities
1,700
1500
Net CFO
Cash flows from investing activities:
Purchases of property and equipment
Net cash used by investing activities
Cash flows from financing activities:
Proceeds from common stock sales
Proceeds (repayments) of short-term debt
Repayment of long-term debt
Net cash provided by financing activities
(800)
(800)
(1200)
(1.200)
4700
4.600
(1,100)
13.300
200
4600
200
5.300
12.800
30 600 17.800
%2435.900 $30.600
Net increase in cash
Beginning cash balance
Ending cash balance
Transcribed Image Text:sSzvcHy9vKmOjUnAg/formResponse?pli=1
2. Using the summary of the analysis approach, what is the total cash outflows
for 2019? *
O A) $6,300
O B) $1,000
O C) $18,400
O D) $5,600
O E) None of the above
3. While analyzing the cash flow statement of Chicken Fil-A company for the year
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