Question: Given the following comparative balance sheet and income statement, how would i calculate the net cash, operating activities and the statement of cash flows? Thanks!
Given the following comparative balance sheet and income statement, how would i calculate the net cash, operating activities and the statement of cash flows? Thanks!






e Chegg Study I Guided So \e Given The Fallawing Cor xy D Ch 12 Statement of Cash x x tpx Cheryl Wilson, president of Rivers Company, considers $31,000 to be a minimum cash balance for operating purposes. As can be seen from the following statements, only $26,000 in cash was available at the end of 2011. Because the company reported a large net income for the year, and also issued bonds and sold some long-term investments, the sharp decline in cash is puzzling to Ms. Feldman. Rivers Company Comparative Balance Sheet December 31, 2011, and 2010 2011 2010 Assets Current assets Cash Accounts Receivable Inventory Prepaid expenses $ 26,000 S 46,200 213,200 224,300 202,600 28,200 259,900 14,700 Total current assets 513,800 501,300 Long-term investments 123,000 175,000 Plant and equipment Less accumulated depreciation 882,000 215,500 761,000 193.300 Net plant and equipment 666,500 567,700 Total assets $1,303,300 $1,244,000 9-05 AM Type here to search
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