Visit the book\'s companion websile, a Student Companion site to access Problem

Question

Visit the book's companion websile, a Student Companion site to access Problem Set C inuing Cookie Chronicle (Note: This is a continuation of the Cookie Chronicle from Chapters 1 through CCC12 Natalie has prepared the balance sheet and income statement of Cookie Creations Inc. and would like you to prepare the statement of cash flowsffe wiley.com/college/kimmel, to find Go to the book's companion website, at www pletion of this problem. com- Broadening Your Perspective Financial Reporting and Analysis FINANCIAL REPORTING PROBLEM: Tootsie Roll Industries, Inc. BYP12-1 The financial statements of Tootsie Roll Industries are presented in Appendix A. Instructions Answer the following questions. (a) What was the amount of net cash provided by operating activities for 2011? For 20102

Explanation / Answer

Answer a. 2011 2010 Net Cash Provided by Operating Activities          50,390          82,805 Answer b. 2011 Increase (Decrease) in Cash & Cash Equivalents       (37,364) Answer c. Method of Computing Net Cash Provided by Operating Method Indirect Method Answer d. 2011 Accounts Receivables - Increase            5,448 Inventories - Increase          15,631 Accounts Payable - Decrease                  84 Answer e. 2011 Net Cash Used by Investing Activities       (51,157) Answer f. 2011 Interest Paid                  38 Income Tax Paid          16,096

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