Homework Answers
| Patterson INC | |||||
| CASH FLOW STATEMENT | |||||
| for the year ended 2019 | |||||
| Particulars | $ | $ | $ | ||
| I | Cashflow from Operating Activities | ||||
| Net Income for the year | 117.50 | ||||
| Add: | Non Cash/Non Operating Expenses | ||||
| Depreciation for the year | 100.00 | ||||
| Add/Less: | Changes in Working Capital | ||||
| Cash outflow from increase in Current Assets | |||||
| Accounts Receivables ( $ 315 - $ 375) | -60.00 | ||||
| Inventories ( $ 415 - $ 675) | -200.00 | ||||
| Cash inflow from increase in Current Liabilities | |||||
| Accounts Payable ( $ 60 - $ 30) | 30.00 | ||||
| Notes Payable ( $ 110 - $ 60) | 50.00 | ||||
| Accruals ( $ 140 - $ 130) | 10.00 | -170.00 | 47.50 | ||
| II | Cashflow from Investing Activities | ||||
| Cash outflow from purchase of Plant & Equipment | -230.00 | ||||
| ( - $ 1,000 - $ 100 + $ 870) | |||||
| III | Cashflow from Financing Activities | ||||
| Cash inflow from issue of long term debt | 174.00 | ||||
| ( $ 754 - $ 580) | |||||
| Cash outflow from payment of dividend on preferred stock | -4.00 | ||||
| Cash outflow from payment of dividend on common stock | -57.50 | 112.50 | |||
| Net change in cash & cash equivalents (I + II + III) | -70.00 | ||||
| Add: | Opening cash and cash equivalents | 80.00 | |||
| Closing Cash and Cash Equivalents | 10.00 | ||||
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