In 2008, Upper Crust had cash flows from investing activities of -$285,000 and cash flows from financing activities of -$166,000. The balance in the firm's cash account was $83,000 at the beginning of 2008 and $121,000 at the end of the year. What was Upper Crust's cash flow from operations for 2008?
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- (Analyzing the quality of firm earnings) Kabutell, Inc. had net income of $700,000, cash flow from financing activities of $60,000, depreciation expenses of $40,000, and cash flow from operating activities of $600,000. a. Calculate the quality of earnings ratio. What does this ratio tell you? b. Kabutell, Inc. reported the following in its annual reports for 2011-2013: ($ million) 2011 Cash Flow from Operations $477 Capital Expenditures (CAPEX) $461 (Click on the icon in order to copy its contents into a spreadsheet.) Calculate the average capital acquisitions ratio over the three-year period. How would you interpret these results? a. What is Kabutell's quality of earnings ratio? % (Round to one decimal place.) 2012 $403 $447 C 2013 $471 $455Hampton Industries had $50,000 in cash at year-end 2015 and $14,000 in cash at year-end 2016. The firm invested in property, plant, and equipment totaling $280,000. Cash flow from financing activities totaled +$210,000. Round your answers to the nearest dollar, if necessary. What was the cash flow from operating activities? Enter cash outflows with a minus sign.$ If accruals increased by $45,000, receivables and inventories increased by $185,000, and depreciation and amortization totaled $61,000, what was the firm's net income?Hampton Industries had $39,000 in cash at year-end 2017and $11,000 in cash at year-end 2018. The firm invested in property, plant, and equipmenttotaling $210,000. Cash flow from financing activities totaled 1$120,000.a. What was the cash flow from operating activities?b. If accruals increased by $15,000, receivables and inventories increased by $50,000, anddepreciation and amortization totaled $25,000, what was the firm’s net income?
- During the year, Broozer’s increased its accounts receivable by $240, increased its inventory by $195, decreased its accounts payable by $80, increased its short-term notes payable by $100 and increased its LTD by $600.. How did these accounts affect the firm’s cash flows from operating activities for the year?During the last year, Lucky Corp. generated $702 million in cash flow from operating activities and had negative cash flow generated from investing activities (-$384 million). At the end of the first year, Lucky Corp. had $120 million in cash on its balance sheet, and the firm had $280 million in cash at the end of the second year. What was the firm's cash flow (CF) due to financing activities in the second year? A. $197.50 million B. $118.50 million C. -$79.00 million D. -$158.00 millionThe Greek Connection had sales of $32.1 million and a cost of goods sold of $12.8 million in 2013. A simplified balance sheet for the firm appears below: a. Calculate The Greek Connection's net working capital in 2013. b. Calculate the cash conversion cycle of The Greek Connection in 2013. c. The industry average accounts receivable days is 30 days. What would have been the cash conversion cycle for The Greek Connection in 2013 had it met the industry average for accounts receivable days? (Hint: Use a 365-day year.) Assets Liabilities and Equity Cash $2,344 Accounts payable $1,600 Accounts receivable 4,155 Notes payable 1,000 Inventory 1,325 Accruals 1,220 Total current assets $7,824 Total current liabilities $3,820 Net plant, property, and equipment $8,500 Long-term debt $3,000 Total assets $16,324 Total liabilities $6,820 Common equity $9,504…
- The 2008 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $2.35 million, and the 2009 balance sheet showed long-term debt of $4.3 million. The 2009 income statement showed an interest expense of $180,000. What was the firm's cash flow to creditors during 2009?Naples Inc. reported sales of $2.16 million for 2022. Accounts receivable decreased $180,000 and accounts payable increased $254,000. Compute cash receipts from customers, assuming that the receivable and payable transactions are related to operations.A firm's balance sheets for year-end 2011 and 2012 contain the following data. All items are in millions of dollars. Dec. 31, 2011 Dec. 31, 2012 Accounts receivable 36.7 33.4 Inventories 30.7 26.4 Accounts payable 26.7 13.4 a. Calculate the net working capital in 2011. (Enter your answer in millions rounded to 1 decimal place.) Net working capital million b. Calculate the net working capital in 2012. (Enter your answer in millions rounded to 1 decimal place.) Net working capital %24 million c. What happened to investment in net working capital during 2012? (Input the amount as a positive value. Enter your answer in millions rounded to 1decimal place.) Net working capital has (Click to select) v by $ million. %24
- The Pharoah Company has disclosed the following financial information in its annual reports for the period ending March 31, 2017: sales of $1.416 million, cost of goods sold of $815,000, depreciation expenses of $175,000, and interest expenses of $89,575. Assume that the firm has an average tax rate of 35 percent. Compute the cash flows to investors from operating activity. (Round answer to 2 decimal places, eg. 15.25.) Cash flow from operating activity 24DURING 2009 VALLEY SALES, INC., EARNED REVENUES OF $500,000 ON ACCOUNT. VALLEY COLLECTED $510,000 FROM CUSTOMERS DURING THE YEAR. EXPENSES TOTALED $420,000, AND THE RELATED CASH PAYMENTS WERE $400,000. SHOW WHAT VALLEY WOULD REPORT ON ITS 2009 INCOME STATEMENT UNDER THE: A. CASH BASIS. B. ACCRUAL BASIS. COMPUTE NET INCOME UNDER BOTH BASES OF ACCOUNTING. WHICH BASIS MEASURES NET INCOME BETTER?Ivanhoe Corporation reported EBITDA of $7,300,325 and net income of $3,328,700 for the fiscal year ended December 31, 2017. During the same period, the company had $1,155,372 in interest expense, $1,023,294 in depreciation and amortization expense, and an average corporate tax rate of 35 percent. What was the cash flow to investors from operating activity during 2017? (Round answer to 0 decimal places, eg. 5,275.)
