What did LebroJames, Inc. report as Net Cash Flow from Operating Activities for Year 2? What did LebroJames, Inc. report as Net Cash Flow from Investing Activities for Year 2? What did LebroJames, Inc. report as Net Cash Flow from Financing Activities for Year 2?
What did LebroJames, Inc. report as Net Cash Flow from Operating Activities for Year 2? What did LebroJames, Inc. report as Net Cash Flow from Investing Activities for Year 2? What did LebroJames, Inc. report as Net Cash Flow from Financing Activities for Year 2?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:USE THE DATA IN THE TABLE BELOW TO ANSWER THE FOLLOWING 3 QUESTIONS
LebroJames, Inc.
Balance Sheets for the Years Ending December 31,
(All amounts are in dollars)
Year 1
Year 2
Cash
8,360
8,660
Accounts receivable
50, 160
47,630
Inventory
79,420
86,600
Total current assets
137,940
142,890
Gross fixed assets*
326,040
337,740
(Accumulated depreciation)
(62,700)
(64,950)
Net fixed assets
263,340
272,790
Land
16,720
17,320
Total assets
418,000
433,000
Notes payable
12,540
8,660
Accounts payable
37,620
34,640
Accruals
4,180
12,990
Current portion of LT Debt
29,260
34,640
Total current liabilities
83,600
90,930
Long-term debt
91,960
90,930
Common stock
75,240
77,940
Paid in capital
20,900
21,650
Retained earnings
146,300
151,550
Total liabilities and equity
418,000
433,000
Additional Data from Company Income Statement(s):
Sales in Year 2
866,000
Net income in Year 2
12,990
No long-term assets were sold in either 2020 or 2021
34. What did LebroJames, Inc. report as Net Cash Flow from Operating Activities for Year 2?
35. What did LebroJames, Inc. report as Net Cash Flow from Investing Activities for Year 2?
36. What did LebroJames, Inc. report as Net Cash Flow from Financing Activities for Year 2?
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