Using the information provided by the Statement of Cash Flows, specify two questions that you would ask
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Using the information provided by the Statement of Cash Flows, specify two questions that you would ask management if you were a financial analyst attempting to issue a buy / sell. recommendation to clients. Explain why you would ask each question.
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Current Year Prior Year Cash flows from operating activities 838,955 Net Income Adjustments to reconcile net income to net cash provided by operating activities 17,523 (69,524) $ Deferred income taxes (146,590) Depreciation and amortization $ 316,416 181,348 Changes in assets and liabilities Accounts receivable, trade (38,267) $ $ $ (25,947) (1,289,293) (113,205) (83,044) (284,567) Inventories (1,599,014) $ Prepaid and other current assets De posits and other current assets Accounts payable Accrued expenses Accrued interest payable, debentures (444,794) $ (24,240) $ 2,017,059 $ $ 61,321 170,755 (58,219) (8,960) Other Income taxes payable $ $ 117,810 Net cash provided by (used for) operating activities Net cash used for investing activities Net cash (used for) provided by financing activities (700,957) (4,422,953) 236,480 (2,012,892) $ $ (315,353) 2$ 9,685,435 Net change in cash and cash equivalents (2,181,765) 4,561,525 Other Infomation: Current liabilities $ $ $ $ 4,055,465 1,995,600 Total liabilities 4,620,085 2,184,386 Net sales $ 20,560,586 $ 17,025,856 Current Year Prior Year Cash flows from operating activities 838,955 Net Income Adjustments to reconcile net income to net cash provided by operating activities 17,523 (69,524) $ Deferred income taxes (146,590) Depreciation and amortization $ 316,416 181,348 Changes in assets and liabilities Accounts receivable, trade (38,267) $ $ $ (25,947) (1,289,293) (113,205) (83,044) (284,567) Inventories (1,599,014) $ Prepaid and other current assets De posits and other current assets Accounts payable Accrued expenses Accrued interest payable, debentures (444,794) $ (24,240) $ 2,017,059 $ $ 61,321 170,755 (58,219) (8,960) Other Income taxes payable $ $ 117,810 Net cash provided by (used for) operating activities Net cash used for investing activities Net cash (used for) provided by financing activities (700,957) (4,422,953) 236,480 (2,012,892) $ $ (315,353) 2$ 9,685,435 Net change in cash and cash equivalents (2,181,765) 4,561,525 Other Infomation: Current liabilities $ $ $ $ 4,055,465 1,995,600 Total liabilities 4,620,085 2,184,386 Net sales $ 20,560,586 $ 17,025,856
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Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
Posted Date:
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