Burkhalter Inc. reported the following on the companys statement of cash flows in Year 2 and Year
Question:
Burkhalter Inc. reported the following on the company’s statement of cash flows in Year 2 and Year 1:
Seventy percent of the net cash flow used for investing activities was used to replace existing capacity.
a. Determine Burkhalter’s free cash flow for both years.
b. Has Burkhalter’s free cash flow improved or declined from Year 1 to Year 2?
Transcribed Image Text:
Year 1 Net cash flows from operating activities Net cash flows used for investing activities Net cash flows used for financing activities Year 2 $ 385,000 (293,000) (83.000) $ 367,000 (330,000) (55,000)
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a Year 2 Year 1 Net cash flow from operating activities 385000 ...View the full answer
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Related Book For
Accounting
ISBN: 9781337902687
28th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
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In order to determine the amount of cash created by operating operations, the indirect technique for preparing the statement of cash flows entails adjusting net income with changes in balance sheet.
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