Following is selected financial information of Kia Company for the current year ended December 31.$ (1,500)850Cash used by investing activitiesNet increase in cashCash used by financing activitiesCash from operating activitiesCash, December 31, prior year(2,300)4,6504,200Required:Prepare the statement of cash flows for Kia Company for the current year ended December 31. (Cash outflows should be indiwith a minus sign.)KIA COMPANYStatement of Cash FlowsFor Current Year Ended December 312$McGraw< Prey6 of 10Next >MacBook* FSFBF9F1023%24&49.QWETYUGH.CVmand* coB

Cash, December 31, current year = Net increase in cash + Cash, December 31, prior year

Answered: Following is selected fiņancial…

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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Cash Flow RatiosSpencer Company reports the following amounts in its annual financial statements: Cash flow from operating activities $90,000 Capital expenditures $59,500* Cash flow from investing activities (68,000) Average current assets 136,000 Cash flow from financing activities (8,500) Average current liabilities 102,000 Net income 42,500 Total assets 255,000 * This amount is a cash outflowa. Compute Spencer's free cash flow.b. Compute Spencer's operating-cash-flow-to-current-liabilities ratio.c. Compute Spencer's operating-cash-flow-to-capital-expenditures ratio. Round ratios to two decimal points. a. Free cash flow Answer b. Operating-cash-flow-to-current-liabilities ratio Answer c. Operating-cash-flow-to-current-expenditures ratio Answer
Subject: acounting
Free Cash Flow Kat Co. reports the following financial data for the current year: Cash flow from operating activities Cash flow from investing activities Cash flow from financing activities Cash disbursed for capital expenditures Compute Kat's free cash flow. Free cash flow S 17175 x Check $21,500 (10,555) 4,250 (4,325)
Ratio of Cash to Monthly Cash Expenses Financial data for Bonita Company follows: For Year EndedDecember 31 Cash on December 31 $187,180 Cash flow from operations (458,400) a. Compute the ratio of cash to monthly cash expenses. Round your answer to one decimal place.fill in the blank 1 months b. Interpret the results computed in (a).
NOTE: Using INDIRECT Method (Cash Flow)
Cash Flow RatiosSpencer Company reports the following amounts in its annual financial statements: Cash flow from operating activities $65,000 Capital expenditures $42,000* Cash flow from investing activities (48,000) Average current assets 96,000 Cash flow from financing activities (6,000) Average current liabilities 72,000 Net income 30,000 Total assets 180,000 * This amount is a cash outflowa. Compute Spencer's free cash flow.b. Compute Spencer's operating-cash-flow-to-current-liabilities ratio.c. Compute Spencer's operating-cash-flow-to-capital-expenditures ratio. Round ratios to two decimal points. a. Free cash flow Answer b. Operating-cash-flow-to-current-liabilities ratio Answer c. Operating-cash-flow-to-current-expenditures ratio Answer
P4-4A. Preparing the Financial Statements Listed below are items reported on the financial statements of the Huntington Company as of June 30: Prepare a classified balance sheet as of June 30 and statement of cash fows for the current year.
Calculate the cash flow from operating activity
Base on your review of the Mc Donald’s Corporation financial statement, draw at least 4 conclusions in terms of usage of its cash flow, financing, firm’s investment, the primary use of the firms’ cash flow during the year.
Use the following excerpts from Wickham Company's financial information to prepare a statement of cash flows (indirect method) for the year 2018. Dec. 31, 2018 Dec. 31, 2017 Cash $225,000 38,350 59,500 150,000 160,000 (49,000) 583,850 $200,000 35,350 58,200 50,000 160,000 (37,000) 466,550 Account Receivable Merchandise Inventory Land Plant Assets Accumulated Depreciation Total Assets Accounts Payable Accrued Liabilities Common Stock Retained Earnings Total Liabilities and Equity 29,100 15,500 45,000 494,250 583,850 27,300 12,000 20,000 407,250 466,550 Additional information: Net income for 2018 Depreciation expense for 2018 Land purchased, for cash Stock issued in exchange for cash, at par value Dividends declared and paid 98,000 12,000 100,000 25,000 11,000
Dive In Company was started several years ago by two diving instructors. The company's comparative balance sheets and income statement, as well as additional information, are presented below. Balance Sheet at December 31 Cash Accounts Receivable. Prepaid Rent Total Assets Salaries and Wages Payable Common Stock Retained Earnings Total Liabilities and Stockholders' Equity Income Statement Service Revenue Salaries and Wages Expense Rent and Office Expenses Net In Current Year $ 3,340 1,100 110 $ 4,550 $ 400 1,300 2,850 $ 4,550 $ 35,050 31,000 3,700 $ 350 Previous Year Additional Data: a. Rent is paid in advance each month, and Office Expenses are paid in cash as incurred. b. An owner contributed capital by paying $250 cash in exchange for the company's stock. $ 4,145 550 55 $4,750 $ 1,200 1,050 2,500 $4,750

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