a. Construct a cash flow statement for this firm. b. Calculate the net cash provided by operating activities for the statement of cash flows. c. What is the net cash used in investing activities? d. Compute the net cash provided by financing activities.
Analysts following the Tomkovick Golf Company were given the following
|
Assets |
2011 |
2010 |
|
Cash and marketable securities |
$33,411 |
$16,566 |
|
|
303,585 |
318,768 |
|
Inventory |
380,439 |
352,740 |
|
Other current assets |
41,251 |
29,912 |
|
Total current assets |
$758,686 |
$717,986 |
|
Plant and equipment |
2,013,377 |
1,609,898 |
|
Less: |
(500,702) |
(206,678) |
|
Net plant and equipment |
$1,512,675 |
$1,403,220 |
|
Goodwill and other assets |
382,145 |
412,565 |
|
Total assets |
$2,653,506 |
$2,533,771 |
|
Liabilities and |
2011 |
2010 |
|
Accounts payable and accruals |
$378,236 |
$332,004 |
|
Notes payable |
14,487 |
7,862 |
|
Accrued income taxes |
21,125 |
16,815 |
|
Total current liabilities |
$413,848 |
$356,681 |
|
Long-term debt |
709,044 |
793,515 |
|
Total liabilities |
$1,122,892 |
$1,150,196 |
|
|
- |
- |
|
Common stock (10,000 shares) |
10,000 |
10,000 |
|
Additional paid-in capital |
975,465 |
975,465 |
|
|
558,483 |
398,110 |
|
Less: |
(13,334) |
- |
|
Total common equity |
$1,530,614 |
$1,383,575 |
|
Total liabilities and stockholders' equity |
$2,653,506 |
$2,533,771 |
In addition, it was reported that the company had a net income of $2,894,005 and that depreciation expenses were equal to $294,024. Company paid dividends of 2,733,632.
a. Construct a cash flow statement for this firm.
b. Calculate the net cash provided by operating activities for the statement of
c. What is the net cash used in investing activities?
d. Compute the net cash provided by financing activities.
(If an amount reduces the cash flow then enter with negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
|
Tomkovick Golf Company |
|
|
Operating Activities |
|
|
Net income |
$ |
|
Additions (sources of cash) |
|
|
Depreciation and amortization |
|
|
Increase in accounts payable |
|
|
Decrease in accounts receivable |
|
|
Increase in accrued income taxes |
|
|
Subtractions (uses of cash) |
|
|
Increase in other current assets |
|
|
Increase in inventories |
|
|
Net cash used in provided by operating activities |
$ |
|
Long-Term Investing Activities |
|
|
Increase in property equipment |
$ |
|
Decrease in goodwill and other assets |
|
|
Net cash provided by used in investing activities |
$ |
|
Financing Activities |
|
|
Increase in notes payable |
$ |
|
Decrease in long-term debt |
|
|
Payment of cash dividends |
|
|
Purchase of treasury stock |
|
|
Net cash provided by used in financing activities |
$ |
|
|
|
|
Effect of exchange rates on cash |
$ |
|
Net increase in cash and marketable securities |
|
|
Cash and securities at beginning of year |
|
|
Cash and securities at end of year |
$ |
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