(in thousands) Cash inflow (outflow) from operating activities Cash inflow (outflow) from investing activities: Proceeds from sale of plant and equipment Purchase of plant and equipment Cash inflow (outflow) from financing activities: Proceeds from issuance of debt Repayment of debt Net increase (decrease) in cash. Average assets Fraser $ 70,000 O Fraser O Singh Travis (29,200) Singh $ 62,000 (27,000) (4,400) 36,400 646,000 526,000 35,000 Travis $(26,000) 34,000 32,400 41,200 326,000 Required: Which of the three competing corporations is in the strongest relative position as indicated by its comparative statements of cash flows?

(in thousands) Cash inflow (outflow) from operating activities Cash inflow (outflow) from investing activities: Proceeds from sale of plant and equipment Purchase of plant and equipment Cash inflow (outflow) from financing activities: Proceeds from issuance of debt Repayment of debt Net increase (decrease) in cash. Average assets Fraser $ 70,000 O Fraser O Singh Travis (29,200) Singh $ 62,000 (27,000) (4,400) 36,400 646,000 526,000 35,000 Travis $(26,000) 34,000 32,400 41,200 326,000 Required: Which of the three competing corporations is in the strongest relative position as indicated by its comparative statements of cash flows?

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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create a statement of cash flow direct method