Using the data in the tables below, compute Net Cash Flow from Financing Activities for Eureka Ruby, Inc. for Year 2: Eureka Ruby, Incorporated Balance Sheets for the Years Ending December 31, (All amounts are in dollars) Cash Accounts receivable Inventory Total current assets Net fixed assets" Land Total assets Notes payable Accounts payable Accruals Current portion of LT Debt Total current liabilities Long-term debt Common stock Capital surplus Retained earnings Total liabilities and equity Year 1 14,860 267,480 118,880 401,220 965,900 118,880 1,486,000 74,300 178,320 44,580 193,180 490,380 460,660 44,580 178,320 312,060 1,486.000 Year 2 15,050 240,800 150,500 406,350 978,250 120,400 1,505,000 60,200 150,500 60.200 210,700 481,600 466,550 60,200 195,650 301,000 1,505,000 Additional Data from Company Income Statement(s): • Sales in Year 2 = 4,171,000 • Net income in Year 2 = 15,940 • Depreciation expense in Year 1 = 255,550 • Depreciation expense in Year 2 = 294,790 Record your answer as a dollar amount with no decimal places, but do not record a dollar sign or any commas. For example, record $10,280.38 as 10280. If your answer is a negative amount, put a hyphen before the number with no space between the number and the hyphen. For example, record negative 38 as -38.
Using the data in the tables below, compute Net Cash Flow from Financing Activities for Eureka Ruby, Inc. for Year 2: Eureka Ruby, Incorporated Balance Sheets for the Years Ending December 31, (All amounts are in dollars) Cash Accounts receivable Inventory Total current assets Net fixed assets" Land Total assets Notes payable Accounts payable Accruals Current portion of LT Debt Total current liabilities Long-term debt Common stock Capital surplus Retained earnings Total liabilities and equity Year 1 14,860 267,480 118,880 401,220 965,900 118,880 1,486,000 74,300 178,320 44,580 193,180 490,380 460,660 44,580 178,320 312,060 1,486.000 Year 2 15,050 240,800 150,500 406,350 978,250 120,400 1,505,000 60,200 150,500 60.200 210,700 481,600 466,550 60,200 195,650 301,000 1,505,000 Additional Data from Company Income Statement(s): • Sales in Year 2 = 4,171,000 • Net income in Year 2 = 15,940 • Depreciation expense in Year 1 = 255,550 • Depreciation expense in Year 2 = 294,790 Record your answer as a dollar amount with no decimal places, but do not record a dollar sign or any commas. For example, record $10,280.38 as 10280. If your answer is a negative amount, put a hyphen before the number with no space between the number and the hyphen. For example, record negative 38 as -38.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Using the data in the tables below, compute Net Cash
Flow from Financing Activities for Eureka Ruby, Inc. for
Year 2:
Eureka Ruby, Incorporated
Balance Sheets for the Years Ending December 31.
(All amounts are in dollars)
Cash
Accounts receivable
Inventory
Total current assets
Net fixed assets"
Land
Total assets
Notes payable
Accounts payable
Accruals
Current portion of LT Debt
Total current liabilities
Long-term debt
Common stock
Capital surplus
Retained earnings
Total liabilities and equity
Year 1
14,860
267,480
118.880
401,220
965,900
118,880
1,486,000
74,300
178,320
44,580
193,180
490,380
460,660
44,580
178,320
312,060
1,486,000
Year 2
15,050
240,800
150,500
406,350
978,250
120,400
1,505,000
60,200
150,500
60,200
210,700
481,600
466,550
60,200
195,650
301,000
1,505,000
Additional Data from Company Income Statement(s):
• Sales in Year 2 = 4,171,000
• Net income in Year 2 = 15,940
• Depreciation expense in Year 1 = 255,550
• Depreciation expense in Year 2 = 294,790
Record your answer as a dollar amount with no decimal
places, but do not record a dollar sign or any commas.
For example, record $10,280.38 as 10280. If your answer
is a negative amount, put a hyphen before the number
with no space between the number and the hyphen. For
example, record negative 38 as -38.
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