Comparative financial statement data for Carmono Company follow This Year Last Y

Question

Comparative financial statement data for Carmono Company follow This Year Last Year AssetS Cash Accounts receivable Inventnry $ 19.0U 3r.00 89.00 150 00 139 00 96.00 Total current assets 265.00 265.00 Property, plant, and equipment 300.00 64.00 240.00 48.00 Less accumulated depreciation Net property, plant, and equipment 236.00 192.00 Tulal assels $501.00 $457.00 Liabilities and Slockholder s Equily Accounts payable Common stock Retained earnings $ 90.0U 69.00 210.00 160.00 201.00 228.00 Total liabilitics and stockholdors' cquity $501.00 $457.00 For this year, the company reported net income as follows Bales Cusl uf youds sold $2,000.00 1200.00 Gross margin Selling and administrative expenses 800.00 780 00 Net income $ 20.00 This year Carmono declared and paid a cash dividend. There were no sales of property, plant, and equipment during this year. The company did not repurchase any of its own stock this year.

Explanation / Answer

Answer:1

Answer:2 Free cash flow=Operating activities-Cap exp

=39-60=-21

Carmono company Statement of cash flow For this year ended december 31 Operating activities: Net income 20 Adjustment Dep charges 16 Increase in accounts receivable -7 Increase in inventory -11 Increase in accounts payable 21 19 Net cash provided by operating activities 39 Investing activities: Purchase of plant -60 -60 Net cash used by investing activities -60 Financing activities: Dividend paid -47 Increase in common stock 50 Net cash Provided by financing activities 3 Cash flow from all activities -18 opening cash 37 closing cash 19

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.