Using the data in the tables below, compute Net Cash Flow Activities for Auburn Tangerine, Inc. for Year 2: 4 Auburn Tangerine, Incorporated Balance Sheets for the Years Ending December 31, (All amounts are in dollars) Cash Accounts receivable Inventory Total current assets Gross fixed assets (Accumulated depreciation) Net fixed assets Land Total assets Year 1 16,200 97,200 153,900 267,300 631,800 (121,500) 510,300 32,400 810,000 Year 2 17,600 96,800 176,000 290,400 686,400 (132,000) 554,400 35,200 880,000
Using the data in the tables below, compute Net Cash Flow Activities for Auburn Tangerine, Inc. for Year 2: 4 Auburn Tangerine, Incorporated Balance Sheets for the Years Ending December 31, (All amounts are in dollars) Cash Accounts receivable Inventory Total current assets Gross fixed assets (Accumulated depreciation) Net fixed assets Land Total assets Year 1 16,200 97,200 153,900 267,300 631,800 (121,500) 510,300 32,400 810,000 Year 2 17,600 96,800 176,000 290,400 686,400 (132,000) 554,400 35,200 880,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Total assets
Notes payable
Accounts payable
Accruals
Current portion of LT Debt
Total current liabilities
Long-term debt
Common stock
Paid in capital
Retained earnings
Total liabilities and equity
810,000
24,300
72,900
8,100
56,700
162,000
178,200
145,800
40,500
283,500
810,000
880,000
17,600
70,400
26,400
70,400
184,800
184,800
158,400
44,000
308,000
880,000
W
Additional Data from Company Income Statement(s);
Sales in Year 2 = 1,789,000
Net income in Year 2 = 24,250
Transcribed Image Text:Using the data in the tables below, compute Net Cash Flow from Operating
Activities for Auburn Tangerine, Inc. for Year 2:
W
Auburn Tangerine, Incorporated
Balance Sheets for the Years Ending December 31,
(All amounts are in dollars)
Cash
Accounts receivable
Inventory
Total current assets
Gross fixed assets
(Accumulated depreciation)
Net fixed assets
Land
Total assets
Year 1
16,200
97,200
153,900
267,300
631,800
(121,500)
510,300
32,400
810,000
Year 2
17,600
96,800
176,000
290,400
686,400
(132,000)
554,400
35,200
880,000
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