Below are approximate amounts related to cash flow information reported by five companies in previous years. 1. Rectangle reports operating cash flows of $3.42 billion, investing cash flows of $0.42 billion, and financing cash flows of -$3.84 billion. 2. Circle reports operating cash flows of $1.22 billion, investing cash flows of -$0.12 billion, and financing cash flows of -$1.04 billion. The beginning cash amount is $0.52 billion. 3. Pentagon reports operating cash flows of $0.08 billion, investing cash flows of $0.45 billion, and a change in total cash of $0.05 billion. 4. Square reports operating cash flows of $0.42 billion, financing cash flows of $0.24 billion, and a change in total cash of $0.01 billion. 5. Hexagon reports investing cash flows of -$1.06 billion, financing cash flows of $0.85 billion, and a change in total cash of $0.01 billion. (Net cash outflows should be indicated with a minus sign. Enter your answers in billions rounded to 2 decimal places.) Required: 1. What is the amount of the change in total cash of Rectangle? 2. What is the ending cash amount of Circle? 3. What is the amount of cash flows from financing activities of Pentagon? 4. What is the amount of cash flows from investing activities of Square? 5. What is the amount of cash flows from operating activities of Hexagon? 1. Change in total cash 2. Ending cash amount 3. Amount of outflows 4. Amount of outflows 5. Amount of inflows billion billion billion billion billion

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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Below are approximate amounts related to cash flow information reported by five companies in previous years.
1. Rectangle reports operating cash flows of $3.42 billion, investing cash flows of $0.42 billion, and financing cash flows of -$3.84
billion.
2. Circle reports operating cash flows of $1.22 billion, investing cash flows of -$0.12 billion, and financing cash flows of -$1.04 billion.
The beginning cash amount is $0.52 billion.
3. Pentagon reports operating cash flows of $0.08 billion, investing cash flows of $0.45 billion, and a change in total cash of $0.05
billion.
4. Square reports operating cash flows of $0.42 billion, financing cash flows of $0.24 billion, and a change in total cash of $0.01 billion.
5. Hexagon reports investing cash flows of -$1.06 billion, financing cash flows of $0.85 billion, and a change in total cash of $0.01
billion.
(Net cash outflows should be indicated with a minus sign. Enter your answers in billions rounded to 2 decimal places.)
Required:
1. What is the amount of the change in total cash of Rectangle?
2. What is the ending cash amount of Circle?
3. What is the amount of cash flows from financing activities of Pentagon?
4. What is the amount of cash flows from investing activities of Square?
5. What is the amount of cash flows from operating activities of Hexagon?
1. Change in total cash
2. Ending cash amount
3. Amount of outflows
4. Amount of outflows
5. Amount of inflows
billion
billion
billion
billion
billion

Expert Solution

Step 1 Introduction

Cash flows - cash flows for an organization represent the movement of cash or net cash (i.e, cash inflow and cash outflow) from various activities. Such movement is related to business transactions and is classified as Operating activities (Day-to-day business transactions), Financing activities (related to capital and debt), and Investing activities (related to long-term assets).

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