Here are the most recent balance sheets for Country Kettles, Inc. Excluding accu

Question

Here are the most recent balance sheets for Country Kettles, Inc. Excluding accumulated depreciation, determine whether each item is a source or a use of cash, and the amount. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Input all amounts as positive values):

Here are the most recent balance sheets for Country Kettles, Inc. Excluding accumulated depreciation, determine whether each item is a source or a use of cash, and the amount. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Input all amounts as positive values):

Explanation / Answer

Cash = 30800 - 29930 = 870 use of cash

Accounts receivable = 70300 - 73360 = -3060 use of cash

Inventories = 61200 - 63375 = - 2175 use of cash

Property, plant & equipment = 151000 - 160600 = -9600 use of cash

Accounts Payable = 45300 - 47430 = - 2130 source

Accrued expense = 6680 - 5940 = 740 use of cash

Long term debt = 26000 - 28600 = -2600 source

Common stock = 20000 - 24400 = -4400 source

Accumulated retained earnings = 169080 - 170595 = -1515 source

Related Questions

Navigate

• Browse (All)
• Browse H
• Subjects

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