Question

Suppose you are given the following financial statement information for 2015 and 2016. Calculate the total cash flows from operations as it would appear on the Accounting Statement of Cash Flows for 2016. (Enter a whole number). Income Statement (2016) Balance Sheet Sales $9,352 2015 2016 Cost of goods sold $3.612 $2.856 Cash $2,450 Other Expenses Accounts Receivable $95 $1,690 $1,780 Depreciation $3,460 $1,250 Inventory $3,570 $4.395 Current Assets $7,710 EBIT $8,096 $45 Net Fixed Assets $4,289 $4,319 Interest EBT $4,350 Total Assets $11,999 $12,415 Taxes (30%) $1,305.00 Accounts Payable Net income $3,045.00 $1,278 $1,478 Dividends $2,436.00 Notes Payable $2.568 $2.658 Addition to Retained Earnings $609.00 $4,136 Current Liabilities $3,846 Long-term Debt Total Equity $2.985 $2,929 $5,168 $5,350 Total L E $11,999 S12,415

Answer 1

Answer: Statement of Cash Flow Partial For the year ended December 31, 2016 Cash flow from Operating Activities: Net Income Adjustment to reconcile Net Income to Net cash provided by |Operating Activities: Depreciation Expense Change in Operating Assets and Liabilities: Increase in Accounts Receivable Decrease in Inventory Increase in Accounts Payable Increase in Notes Payable 3,045 1,250 -90 110 200 90 1,560 Net Cash provided by Operating Activities 4,605