Question

only answer 23 and 24

USE THE DATA IN THE TABLE BELOW TO ANSWER QUESTIONS 19 - 24 (Assume all account figures are in dollars) 2014 440 1,810 2015 380 2,040 120 90 Accounts payable Accounts receivable, net Accruals Cash Common stock Cost of goods sold Depreciation expense Interest expense Inventory (end of year) Long-term debt Net fixed assets Net sales Notes payable Operating expenses (excluding depreciation) Retained earnings Taxes 120 2,120 6,610 1,560 140 5,720 3,890 7,530 10,750 800 1,680 7,835 260 2,380 6,420 1,630 170 5,530 4,150 8,050 11,650 740 1,780 7,940 380 19. This company's gross profit margin (as a percent rounded to 1 decimal place) in 2014 was 9 39.S 20. Assume that this is a retail company. If the company purchased products that it sold in 2015 for $5.00 per unit how many units did the company purchase in 2015? 2330 1285 GS125 126 21. ROE for 2015 is __%69.33 1731 18.0 22. Cash flow from operating activities in 2015 is $5 40 3070 23. Cash flow from investing activities in 2015 is $ -520 -25 0 24. Cash flow from financing activities in 2015 is $_1462 702

Answer 1

23. Investing Activities Include: > Purchase of PPE ► Proceeds from the sale of PPE Purchase of marketable securities ► Proceeds from the sale of marketable securities Cash flow investing activities: Purchase of fixed assets (S8050+$1630) - $7530 = ($2150) 24. Financing Activities Include: ► Cash inflows from the issuing of debt or equity Cash outflow from stock repurechase, dividend payament, and repayments. Cash flow financing activities: Proceeds from issue of common stock ($2380-$2120) Proceeds from long term debt ($4150-$3890) $260 $260 $520