A) Statement of Cash Flows For the Year Ended Dec. 31, 2016
B) Common Size Cash Flows for % of sales (with sales in the denominator)
C) Common Size Cash Flows with beginning cash balance in the denominator
Homework Answers
| CASH FLOW STATEMENT | Denominator as Sales | Denominator as Beginning Cash balance | |||||||||||
| A | Cash flows from operating activities | common size % | common size calculation | common size % | common size calculation | ||||||||
| Net income | $14,985 | 4.06% | (14985/369300) | 145.49% | (14985/10300) | ||||||||
| Adjustments for non-cash effects: | |||||||||||||
| Depreciation expense | $26,820 | 7.26% | (26820/369300) | 260.39% | (26820/10300) | ||||||||
| Adjustments to reconcile net income cash | |||||||||||||
| provided by operating activities | |||||||||||||
| Increase in Marketable securities | -$1,291 | -0.35% | (-1291/369300) | -12.53% | (-1291/10300) | ||||||||
| Decrease in Account receivable | $1,010 | 0.27% | (1010/369300) | 9.81% | (1010/10300) | ||||||||
| Decrease in merchandise inventory | $1,580 | 0.43% | (1580/369300) | 15.34% | (1580/10300) | ||||||||
| Increase in accounts payable | $2,500 | 0.68% | (2500/369300) | 24.27% | (2500/10300) | ||||||||
| Increase in accrued expenses | $110 | 0.03% | (110/369300) | 1.07% | (110/10300) | ||||||||
| Net cash inflow from operating activities | $45,714 | 12.38% | (45714/369300) | 443.83% | (45714/10300) | ||||||||
| B | Cash flows from investing activities | ||||||||||||
| Purchase of fixed assets | -$35,400 | -9.59% | (-35400/369300) | -343.69% | (-35400/10300) | ||||||||
| Net cash ouflow from investing | -$35,400 | -9.59% | (-35400/369300) | -343.69% | (-35400/10300) | ||||||||
| C | Cash flows from financing activities | ||||||||||||
| Long term debt repaid | -$5,900 | -1.60% | (-5900/369300) | -57.28% | (-5900/10300) | ||||||||
| Net cash inflow from financing activities | -$5,900 | -1.60% | (-5900/369300) | -57.28% | (-5900/10300) | ||||||||
| Net decrease in cash $ | $4,414 | 1.20% | (4414/369300) | 42.85% | (4414/10300) | ||||||||
| Cash at beginning of year | $10,300 | 2.79% | (10300/369300) | 100.00% | (10300/10300) | ||||||||
| Cash at end of year | $14,714 | 3.98% | (14714/369300) | 142.85% | (14714/10300) | ||||||||
| Sales | $369,300 | ||||||||||||
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