Question

Exercise 1-17 Calculate missing amounts related to the statement of cash flows (LO1-3)

Below are approximate amounts related to cash flow information reported by five companies in previous years.
  

1. Kraft Foods reports operating cash flows of $3.49 billion, investing cash flows of $0.49 billion, and financing cash flows of −$3.98 billion.
2. Sara Lee reports operating cash flows of $1.29 billion, investing cash flows of −$0.19 billion, and financing cash flows of −$1.18 billion. The beginning cash amount is $0.59 billion.
3. Performance Food Group reports operating cash flows of $0.09 billion, investing cash flows of $0.52 billion, and a change in total cash of $0.03 billion.
4. Smithfield Foods reports operating cash flows of $0.49 billion, financing cash flows of $0.31 billion, and a change in total cash of $0.03 billion.
5. Tyson Foods reports investing cash flows of −$1.20 billion, financing cash flows of $0.92 billion, and a change in total cash of $0.03 billion.

  (Enter your answers in billions rounded to 2 decimal places.)

1.  What is the amount of the change in total cash of Kraft Foods? (in Billions)

2. What is the ending cash amount of Sara Lee? (in Billions)

3. What is the amount of cash flows from financing activities of Performance Food Group? (Inflows or Outflows in Billions)

4. What is the amount of cash flows from investing activities of Smithfield Foods? (Inflows or Outflows in Billions)

5. What is the amount of cash flows from operating activities of Tyson Foods? (Inflows or Outflows in Billions)

Answer 1

1	Change in total cash is the sum total of operating,investing and financing cash flows
					$ in billion
	Operating cash flows				3.49
	Investing cash flows				0.49
	Financing cash flows				-3.98
	Change in total cash				0
2	Ending cash amount=Change in total cash+Beginning cash amount
					$ in billion
	Operating cash flows				1.29
	Investing cash flows				-0.19
	Financing cash flows				-1.18
	Change in total cash				-0.08
	Add: Beginning cash amount				0.59
	Ending cash amount				0.51
3	Cash flows from financing activities
					$ in billion	$ in billion
	Change in total cash					0.03
	Less:
	Operating cash flows				0.09
	Investing cash flows				0.52	0.61
	Financing cash flows					-0.58
4	Cash flows from investing activities
					$ in billion	$ in billion
	Change in total cash					0.03
	Less:
	Operating cash flows				0.49
	Financing cash flows				0.31	0.8
	Investing cash flows					-0.77
5	Cash flows from operating activities
					$ in billion	$ in billion
	Change in total cash					0.03
	Less:
	Financing cash flows				0.92
	Investing cash flows				-1.2	-0.28
	Operating cash flows					0.31