Hampton Industries had $65,000 in cash at year-end 2018 and $20,000 in cash at year-end 2019. The firm invested in property, plant, and equipment totaling $180,000 the majority having a useful life greater than 20 years and falling under the alternative depreciation system. Cash flow from financing activities totaled +$110,000. Round your answers to the nearest dollar, if necessary. a. What was the cash flow from operating activities? Cash outflow, if any, should be indicated by a minus sign. $ b. If accruals increased by $15,000, receivables and inventories increased by $135,000, and depreciation and amortization totaled $65,000, what was the firm's net income? $
Hampton Industries had $65,000 in cash at year-end 2018 and $20,000 in cash at year-end 2019. The firm invested in property, plant, and equipment totaling $180,000 the majority having a useful life greater than 20 years and falling under the alternative depreciation system. Cash flow from financing activities totaled +$110,000. Round your answers to the nearest dollar, if necessary. a. What was the cash flow from operating activities? Cash outflow, if any, should be indicated by a minus sign. $ b. If accruals increased by $15,000, receivables and inventories increased by $135,000, and depreciation and amortization totaled $65,000, what was the firm's net income? $
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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Transcribed Image Text:Hampton Industries had $65,000 in cash at year-end 2018 and $20,000 in
cash at year-end 2019. The firm invested in property, plant, and
equipment totaling $180,000 the majority having a useful life greater
than 20 years and falling under the alternative depreciation system. Cash
flow from financing activities totaled +$110,000. Round your answers to
the nearest dollar, if necessary.
a. What was the cash flow from operating activities? Cash outflow, if any,
should be indicated by a minus sign.
$
b. If accruals increased by $15,000, receivables and inventories increased
by $135,000, and depreciation and amortization totaled $65,000, what
was the firm's net income?
$
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