Question: Answer All Questions 9-11 ACTIVITY 107 TEST YOUR UNDERSTANDING - CIRCUIT CITY Purpose: - Analyze the income statement, the balance sheet, and the statement of

Answer All Questions 9-11 ACTIVITY 107 TEST YOUR UNDERSTANDING - CIRCUIT CITY Purpose: - Analyze the income statement, the balance sheet, and the $statement of cash flows. Circuit City (CCYTQ) STATEMENT OF CASH FLOWS (\$$

Answer All Questions 9-11

ACTIVITY 107 TEST YOUR UNDERSTANDING - CIRCUIT CITY Purpose: - Analyze the income statement, the balance sheet, and the statement of cash flows. Circuit City (CCYTQ) STATEMENT OF CASH FLOWS (\$ in millions) Q9 The statement of cash flows and related information report a (strengthening / steady / weakening) cash position. Why? List observations that support your conclusion and explain why. STATEMENT OF RETAINED EARNINGS Q10 Complete the statement of retained earnings below. a. A net loss was reported during Year (7/6/5/4) and dividends increased during Year (7 / 6 / 5 / 4). What might be one reason that dividends paid increased? b. Retained earnings decreased during Year(7/6/5). Why? OTHER Q11 Circuit City filed for bankruptcy 6 months into Year 8. What signs of this impending bankruptcy do you find in these financial statements? When did these signs start to appear

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