3-10. (Analyzing a statement of cash flous) Interpret the following information regard-ing Westlake Corporation's cash flows.Net income$680Depreciation expense125805Profits before depreciationIncrease in accounts receivables(200)(240)120Increase in inventoniesIncrease in accounts payablesIncrease in accrued expenses81$566Cash flow from operationsInvestment activity(1,064)Change in fixed assetsFinancing activity$640Increase in long-term debt(120)Common stock dividends$520Total financing activitiesChange in cashBeginning cash$22500$522Endine cash

Cashflow: It is a statement showing the flow of cash in different operations. Analysis of the…

3-10. (Analyzing a statement of cash flows) Interpret the following information rega ing Westlake Corporation's cash flows. Net income $680 Depreciation expense 125 Profits before depreciation 805 Increase in accounts receivables (200) Increase in inventonies (240) 120 Increase in accounts payables Increase in accrued expenses 81 Cash flow from operations $566 Investment activity (1,064) Change in fixed assets Financing activity $640 Increase in long-term debt (120) $520 Common stock dividends Total financing activities $22

3-10. (Analyzing a statement of cash flows) Interpret the following information rega ing Westlake Corporation's cash flows. Net income $680 Depreciation expense 125 Profits before depreciation 805 Increase in accounts receivables (200) Increase in inventonies (240) 120 Increase in accounts payables Increase in accrued expenses 81 Cash flow from operations $566 Investment activity (1,064) Change in fixed assets Financing activity $640 Increase in long-term debt (120) $520 Common stock dividends Total financing activities $22

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Statement of Cash Flows (Indirect Method)Use the following information regarding the Lund Corporation to (a) prepare a statement of cash flows using the indirect method and (b) compute Lund’s operating-cash-flow-to-current-liabilities ratio. Accounts payable increase $9,000 Accounts receivable increase 4,000 Accrued liabilities decrease 3,000 Amortization expense 6,000 Cash balance, January 1 22,000 Cash balance, December 31 15,000 Cash paid as dividends 29,000 Cash paid to purchase land 90,000 Cash paid to retire bonds payable at par 60,000 Cash received from issuance of common stock 35,000 Cash received from sale of equipment 17,000 Depreciation expense 29,000 Gain on sale of equipment 4,000 Inventory decrease 13,000 Net income 76,000 Prepaid expenses increase 2,000 Average current liabilities 100,000 a. Use negative signs with cash outflow answers. LUND CORPORATIONStatement of Cash FlowsFor Year Ended December 31 Cash Flow from…
Use the following excerpts from Eagle Company’s financial records to determine net cash flows from financing activities.
Use the indirect method to determine Anka Company’s net cash provided or used for operating activities using the below information: Net income $15,200 Depreciation expense 10,000 Cash payment on long-term note payable 8,000 Gain on sale of equipment 3,000 Increase in inventory 1,500 Increase in accounts payable 2,850 Group of answer choices $15,550 $42,400 ($4,450) $23,550
3-9. (Working with a statement of cash flows) Given the following information, prepare a statement of cash flows Increase in accounts receivable $25 increase in inventories 30 Operating income 75 Interest expense 25 Increase in accounts payable 25 Dividends 15 Increase in common stock 20 Increase in net fixed assets 23 Depreciation expense 12 Income taxes 17 Beginning cash 20
Apex Company prepared the statement of cash flows shown below: Apex Company Statement of Cash Flows—Indirect Method Operating activities: Net income $ 40,800 Adjustments to convert net income to cash basis: Depreciation $ 20,900 Increase in accounts receivable (61,300) Increase in inventory (25,300) Decrease in prepaid expenses 10,000 Increase in accounts payable 53,700 Decrease in accrued liabilities (11,200) Increase in income taxes payable 4,300 (8,900) Net cash provided by (used in) operating activities 31,900 Investing activities: Proceeds from the sale of equipment 14,900 Loan to Thomas Company (40,400) Additions to plant and equipment (120,000) Net cash provided by (used in) investing activities (145,500) Financing activities: Increase in bonds payable 89,400 Increase in common stock 40,000 Cash dividends (28,700) Net cash provided by (used in) financing activities 100,700 Net…
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A 54.
According to the information given in the table below, which of the following is cash flow from operating activities? Net income 95,000 Deprecation 38,000 Increase in Accounts Receivable 24,000 Decrease in Inventory 19,000 Increase in Accounts Payable 29,000 Select one: a. 173000 b. 157000 c. 145000 d. 119000
26
Assume that a company provided the following statement of cash flows (all sales are on account): Operating activities: Net income $ 57 Adjustments to convert net income to a cash basis: Depreciation $ 15 Decrease in accounts receivable 2 Increase in inventory (10) Increase in accounts payable 4 11 Net cash provided by (used in) operating activities 68 Investing activities: Additions to property, plant, & equipment (40) Net cash provided by (used in) investing activities (40) Financing activities: Issuance of common stock 5 Cash dividends paid (26) Net cash provided by (used in) financing activities (21) Net increase in cash and cash equivalents 7 Beginning cash and cash equivalents 6 Ending cash and cash equivalents $ 13 How much is the company’s free cash flow? Multiple Choice $19 $(21) $2 $23
EB8. LO 16.3 Use the following information from Kentucky Company's financial statements to determine operating net cash flows (indirect method). $176,000 18,750 15,000 12,000 5,500 Net income Depreciation expense Gain on sale of plant assets Increase in accounts receivable Decrease in accounts payable

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