Question: (Learning Objectives 4, 5, 6, 7: Preparing and analyzing a statement of cash fl ows direct method) Use the data in Short Exercise 11-14 to

(Learning Objectives 4, 5, 6, 7: Preparing and analyzing a statement of cash fl ows—

direct method) Use the data in Short Exercise 11-14 to prepare Middleton Golf Club’s statement of cash fl ows for the year ended September 30, 20X6. Middleton uses the direct method for operating activities. Calculate Middleton’s free cash fl ow and cash realization ratio.

Exercises All of the A and B exercises can be found within MyAccountingLab, an online homework and practice environment. Your instructor may ask you to complete these exercises using MyAccountingLab.

(Group A)

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