Question

Colin Confections operates convenience stores, primarily in small Southeastern towns. The cash flows provided by financing activities section of the company's statement of cash flows for the fiscal years 2012-2014 follows (in $000).


At the beginning of fiscal 2014, Colin Confections had $154,523 in cash and cash equivalents; at the end of fiscal 2014, the company had $145,695 in cash and cash equivalents.

Required
a. How have cash flows provided by financing activities changed over the three-year period?
b. Does the fact that Colin Confections reports no proceeds from long-term debt for 2013 and 2014 mean that the company has no long-term debt? Why?
c. Does it concern you that in two of the past three years, Colin Confections used more cash than was provided by financing activities?Why?


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  • CreatedFebruary 21, 2014
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