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
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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?
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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