Question: explain with an answer. Use the information below, prepare the statement of cash flow. Using the statement of cash flow you completed, what is the
explain with an answer.

Use the information below, prepare the statement of cash flow. Using the statement of cash flow you completed, what is the net cash flow from the period (add the operating cash flow + cash flow from investing + cash flow from financing). Do not forget to include the negative sign when applicable. Please submit your answer and upload your handwritten calculations via Blackboard. If any of these are missing (your answer or the uploaded file) this question won't be graded. Statement of Income Statement of Financial Position 2018 2017 2018 2017 2018 Sales 8,800 Cash 170 110 Acc. Payable 135 120 less: Costs 5,600 Acc. Rec. 500 0 Notes P. 1,200 1,400 Depreciation 0 Inventory 1,240 1,000 EBIT 3,200 LTD 2,005 2,620 Less: Interest 1,250 NFA 2,000 4,200 Common S 100 200 EBT 1,950 Retain. E. 470 970 Less: Taxes 550 Net Income 1,400 Dividends 900 Add to Ret. E. 500 Total Assets 3,910 5,310 Total L and E 3,910 5,310
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
