Question

Balance Sheet as of December 31, 2018 and 2817 (in thousands of dol1ars) Current liabilities: Accounts payable Current asset Cash and marketable securities Accounts recelvable 88%87 Accrued wages and taxes 62 57 164 147 147" 197 157 Inventory 3237Notes payable 第616 $ 591 Total Total Long-tern debt 373 5 361 Fixed assetsi 644 588 Gross plant and equipment $1,121 $ 914Stockholders' equity Less: Accumulated depreciation Net plant and equipment other long-term assets Preferred stock (6 thousand shares) Comnon stock and paid-in surplus (100 thousand shares) 129 943 785 1666 Retained earnings 1.19 951 $1,725 $1,542 Total 1iabilitles and equity 129 467 593 $1,725 $1,542 120 Total Total assets

Answer 1

STATEMENT OF CASH FLOWS
Cash flows from operating activities:
Net income		196
Additions (Sources of cash)
Depreciation expense	49
Increase in accured wages and taxes (62-57)	5
Increase in accounts payable (164-157)	7
Subtractions (Uses of cash)
Increase in accounts receivable(205-197)	-8
Increase in inventory (323-307)	-16	37
Net cash provided by operating activities		233
Cash flows from investing activities:
Subtractions (Uses of cash)
Purchase of PP&E (1121-914)	-207
Net cash used by investing activities		-207
Cash flows from financing activities:
Additions:
Increase in long term debt (644-588)	56
Subtractions:
Preferred stock dividends	-6
Common stock Dividends	-75
Net cash used by financing activities		-25
Net increase (decrease) in cash and cash equivalents		1
Beginning cash and cash equivalents		87
Ending cash and cash equivalents		88