Vanderheiden Hog Products Corp. provided the following financial information for the quarter ending June 30, 2011: Depreciation and amortization - $63,114 Increase in receivables - $ 62,154, Net Income - $189,425 Increase in inventory - $57,338 Increase in accounts payables - $37,655 Decrease in other current assets - $27,450. What is the firm's cash flow from operating activities during this quarter by the firm? Hint: Using the template below, complete the Statement of Cash Flows using the figures given above and enter formulas in the appropriate cells to compute the missing figures. Vanderheiden Hog Products Corp. Statement of Cash Flows for the period ending June 30, 2009 OPERATING ACTIVITIES Net income Additions (Sources of Cash) Depreciation and amortization Increase in accounts payable Decrease in other current assets Increase in accrued income taxes Subtractions (Uses of Cash) Increase in accounts receivable Increase in inventories Net cash provided by operating activities

Vanderheiden Hog Products Corp. provided the following financial information for the quarter ending June 30, 2011: Depreciation and amortization - $63,114 Increase in receivables - $ 62,154, Net Income - $189,425 Increase in inventory - $57,338 Increase in accounts payables - $37,655 Decrease in other current assets - $27,450. What is the firm's cash flow from operating activities during this quarter by the firm? Hint: Using the template below, complete the Statement of Cash Flows using the figures given above and enter formulas in the appropriate cells to compute the missing figures. Vanderheiden Hog Products Corp. Statement of Cash Flows for the period ending June 30, 2009 OPERATING ACTIVITIES Net income Additions (Sources of Cash) Depreciation and amortization Increase in accounts payable Decrease in other current assets Increase in accrued income taxes Subtractions (Uses of Cash) Increase in accounts receivable Increase in inventories Net cash provided by operating activities

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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