b) Evaluate the cash position of ITC limited for the year ending March 31, 2022, relative to March 31,following annexure of the company's cash flow statement.ParticularsNet Cash from Operating ActivitiesNet Cash from/(used in) Investing activities31.3.2022(in Crores)31.3.2021(in Crores)14807.79(1517.06)11493.86Net Cash used in Financing Activities(13337.03)6497.89(18378.89)Net decrease in Cash and Cash equivalentsOpening balance of Cash and Cash equivalentsCash and Cash equivalents acquired on businesscombination(46.3)231.28(387.14)561.3557.07The closing value of Cash and Cash equivalents184.98231.28

The cash flow statement of a company provides information about the company's cash inflows and…

Answered: b) Evaluate the cash position of ITC…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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From the information below, prepare a complete statement of cash flows for 2020 using the indirect method. Maple Group Ltd Comparative Balance Sheet December 31, 2020 and 2019 2020 2019 Increase/(Decrease) Assets Cash and cash equivalent 15300 25,900 (10,600) Accounts Receivable 43,200 39,000 4200 Inventories 93,700 139,900 (46,200) Fixed Assets, net 251,600 210,300 41,300 Total Assets 403,800 415,100 (11,300) Liabilities Accounts payable 26,600 21,000 5,600 Accrued liabilities 22,800 24,100 (1,300) Long-term notes payable 62,000 65,000 (3000) Stockholders' Equity: Common Stock…
Based on the following information, compute cash flows from financing activities under GAAP.Purchase of investments $ 250Dividends paid 1,200Interest paid 400Additional borrowing from bank 2,800
Activity 1. Identify which of the following falls under operating, investing, financing or Non-cash and then prepare statement of cash flows for the year ended December 31, 2020 with cash balance beginning of P177,000. Transactions Amount Activity Collection of accounts 990,000.00 110,000.00 а. Cash purchase of equipment Royalty income received Rent income received b. 9,000.00 32,000.00 180,000.00 400,000.00 14,000.00 60,800.00 15,500.00 14,000.00 3,980.00 39,000.00 C. f. Operating expenses Principal of bank loan paid Interest on bank loan paid Proceeds from sale of furniture g. h. i, j. k. Cash dividends received Commission income received I. Interest received from bank deposits Cash paid to suppliers m.
On December 31, 2021, using Indirect Method of Presenting the Cash flows from Operations, total adjustments from the net income due to non-operating items amounted to?
REQUIREDUse the information provided below to prepare the Cash Flow Statement for the year ended 30 June 2020.INFORMATIONThe information given below was extracted from the books of Siyakha Limited for the financial year ended30 June 2020.1. STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE:2020R2019RASSETSProperty, plant and equipment (See note to the financial statements below.) 14 826 000 13 998 000Inventory 1 539 000 1 638 000Accounts receivable 6 243 000 4 572 000Bank 861 000 480 00023 469 000 20 688 000EQUITY AND LIABILITIESOrdinary Share Capital 9 300 000 8 220 000Retained Income 2 031 000 1 701 000Loan: OVS Bank 8 100 000 5 940 000Accounts payable 3 795 000 3 549 000Company tax payable 150 000 564 000Dividends payable 93 000 714 00023 469 000 20 688 0002. STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2020RDepreciation on Vehicles 1 233 000Depreciation on Equipment 1 083 000Operating profit 3 801 000Interest on Loan 1 404 000Profit before tax 2 397 000Profit after tax…
Using the information below, complete the operating cash flow section of the Statement of Cash Flows for Peter Ltd using direct method. Your presentation must be consistent with the requirements of AASB107. Ignore tax. Reporting date is 30 June. The balances of selected accounts of Peter Ltd at 30 June 2021 and 30 June 2022 were ($000): 2021 2022 Cash 3850 1200 Inventory 3750 4250 Accounts receivable 2800 3500 Allowance for doubtful debts 320 260 Land 5000 5000 Plant 2750 2800 Accumulated depreciation 490 450 Accounts payable 3200 3500 Rent payable 100 130 Salaries payable 120 190 Share capital 1000 1000 Sales (on credit) 7750 6550 Cost of goods sold 1250 1100 Doubtful debts expense 280 300 Rent expense 540 450 Salaries expense 800 750 Depreciation expense 260 180 Required: Peter Ltd’s operating cash flow section extracted from the Statement of Cash Flows for year ended 30 June 2022 (Direct Method)
Required information [The following information applies to the questions displayed below.] Portions of the financial statements for Parnell Company are provided below. For the Revenues and gains: Sales Cost of goods sold Gain on sale of building Expenses and loss: Salaries Insurance Depreciation PARNELL COMPANY Income Statement Income tax expense Year Ended December 31, 2021 ($ in thousands) Interest expense Loss on sale of equipment Income before tax Net income $ 820 10 $310 122 42 125 52 13 $830 664 166 83 $ 83
The following select information for Flint Inc. has been provided for the year ended December 31, 2023: Net Cash provided from Operating Activities Investing Activities: Sale of Long-term investments Purchase of PPE Net Cash Used by Investing Activities Financing Activities: Repayment of Loan Payable Issue of Common Shares Payment of dividends Net Cash Provided by Financing Activities Current Assets Non-Current Assets (net) Current Liabilities Non-Current Liabilities What is Flint's Free Cash Flow? O $314600 O $235400 O $159600 O $177700 2023 $676900 1252000 488600 766900 75800 155000 (29400) 61400 (18100) 2022 $663000 1119900 453800 700450 $332700 79200 13900
Following information is available in respect of A LtdParticulars As on 31.3.2019(Rupees. In Lacs)As on 31.3.2020(Rupees. In Lacs)Investment in FinancialAssets- 100Equity Share Capital 150 160Long term Loans taken 100 200Dividend paid - 26Dividend received - 10Interest received - 15a. Prepare the cash flow from financing activities from the above information and givereasons for each element whether these elements belongs to financing activities or not
Subject: Accounting
Explain the major trends in the following cash flow statement.
The following select information for Sarasota Inc. has been provided for the year ended December 31, 2023: Net Cash provided from Operating Activities Investing Activities: Sale of Long-term investments Purchase of PPE Net Cash Used by Investing Activities Financing Activities: Repayment of Loan Payable Issue of Common Shares Payment of dividends Net Cash Provided by Financing Activities Current Assets Non-Current Assets (net) Current Liabilities Non-Current Liabilities 2023 0.47 O 0.76 O 0.29 $676400 1252600 487300 765700 75900 155000 (26400) 61600 (18600) 2022 $664900 1119100 453700 700850 What is Sarasota's Current Cash Debt Coverage Ratio in 2023? $341000 79100 16600

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