6/ Stormer Company reports the following amounts on its statement of cash flow:
ID: 2540758 • Letter: 6
Question
6/ Stormer Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities was $33,500; net cash used in investing activities was $12,200 and net cash used in financing activities was $15,300. If the beginning cash balance is $6,100, what is the ending cash balance?
Multiple Choice
$67,100.
$54,900.
$36,500.
$6,000.
$12,100.
7/ Analysis reveals that a company had a net increase in cash of $21,320 for the current year. Net cash provided by operating activities was $19,200; net cash used in investing activities was $10,600 and net cash provided by financing activities was $12,720. If the year-end cash balance is $25,800, the beginning cash balance was:
Multiple Choice
$4,480.
$16,840.
$47,120.
$42,640.
$41,640.
8/ A company had average total assets of $4,160,000, total cash flows of $2,820,000, cash flows from operations of $580,000, and cash flows from financing of $1,500,000. The cash flow on total assets ratio equals:
Multiple Choice
36.10%.
25.18%.
13.24%.
13.90%.
67.80%.
9/ Bagwell's net income for the year ended December 31, Year 2 was $188,000. Information from Bagwell's comparative balance sheets is given below. Compute the cash paid for dividends during Year 2.
Multiple Choice
$95,300.
$145,600.
$106,300.
$81,700.
$50,300.
10/ In preparing a company's statement of cash flows for the most recent year, the following information is available:
Net cash flows from investing activities for the year were:
Multiple Choice
$150,000 of net cash used.
$284,000 of net cash used.
$134,400 of net cash used.
$245,000 of net cash provided.
$150,000 of net cash provided.
At December 31 Year 2 Year 1 Common Stock, $5 par value $ 503,000 $ 452,700 Paid-in capital in excess of par 951,000 855,700 Retained earnings 691,000 584,700Explanation / Answer
6) Net cash provided by operating activities 33,500 Net cash used in investing activities -12,200 Net cash used in financing activities -15,300 net increase in cash 6,000 Cash at beginning of the year 6,100 Cash at year end 12,100 Answer 7) Net cash provided by operating activities 19,200 Net cash used in investing activities -10,600 Net cash provided by financing activities 12,720 net increase in cash 21,320 Cash at beginning of the year 4,480 Cash at year end 25,800 Answer $4,480 8) Cash flow on total assets = cash flow from operations/Average total assets 580,000/4,160,000 13.90% Answer 9) opening retained earnings 584,700 Add:Net income for the year 188,000 Subtotal 772,700 less closing retained earnings -691,000 Cash dividend 81,700 answer 10) Net cash flow from investing activities purchase of Equipment -161,000 proceeds from sale of Equipment 142,000 purchase of land -131,000 Net cash used by investing activities -150,000 $150,000 of net cash used
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