Question

The following data come from the financial statements of The Fun in the Sun Company for the year ended May 31, 2013 (in millions).
Data Table
Purchase of property, plant and equipment...................................................................... $3,510
Net Income....................................................................................................................... 3,050
Adjustments to reconcile net income to net cash provided by operating activities.... 2,350
Revenues.......................................................................................................................... 59,100
Cash beginning of the year $270, end of year................................................................. 1,930
Cost of goods sold........................................................................................................... 37,550
Other investing cash payments........................................................................................ $185
Account receivable.......................................................................................................... 850
Payment of dividends..................................................................................................... 290
Common stock................................................................................................................ 4,800
Issuance of common stock............................................................................................. 195
Sales of property, plant and equipment.......................................................................... 50
Retained earnings........................................................................................................... 12,950

Prepare a cash flow statement for the year ended May 31, 2013. 
What activities provided the largest source of cash? Is this a sign of financial strength or weakness?



$1.99
Sales0
Views102
Comments0
  • CreatedAugust 26, 2013
  • Files Included
Post your question
5000