D Ch 14 Exercise Problems egg Study ave Been Decrez X m/hm.tpx?-0.90581717860715

ID: 2430652 • Letter: D

Question

D Ch 14 Exercise Problems egg Study ave Been Decrez X m/hm.tpx?-0.9058171786071532532630989 Comparative financial statement data for Carmono Company follow Assets Cash Accounts receivable Inventory $ 7.00 $ 13.00 41.00 9000 76.60 48.00 Total current assets 145.00 13060 Property plant, and equipment 228.00 192.00 4.80 33.60 Net property, plant, and equipment 183.20 158.40 Total assets $ 328 20 $ 289.00 Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings S 54.00 S45.00 114.00 88.00 60.20156.00 Total iabilities and stockholders' equity s 328 20 $ 289.00 For this year, the company reported net income as follows O Type here to search

Explanation / Answer

Answer:

Carmono Company

Statement of cash flow

For the year Ended Decmber-31

Amount $

Cash flow from operating activity

Net income

Changes in current operating assets and liabilities

Increase in accounts receivable(44.80-33.60)

11.2

Increase in accounts receivable(41-48)

-7

Increase in inventory(76.60-90)

-13.4

Increase in accounts payable (54-45)

-0.2

Net cash provided by operating activities

19.8

Cash flows from investing activities

Cash paid for equipment(228-192)

-36

Net cash used in investing activities

-36

Cash flows from financing activities

Cash received from stock issuance (114-88)

Cash paid for dividends (156+20-160.20)

-15.8

Net cash used in financing activities

10.2

Net increase (decrease) in cash

-6

Cash balance at last year-end

Cash balance at this year-end