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.

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?

  • CreatedFebruary 21, 2014
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