Hampton Industries had $74,000 in cash at year-end 2017 and $26,000 in cash at year-end 2018. The
Fantastic news! We've Found the answer you've been seeking!
Question:
Hampton Industries had $74,000 in cash at year-end 2017 and $26,000 in cash at year-end 2018. The firm invested in property, plant, and equipment totaling $170,000. Cash flow from financing activities totaled +$180,000. Round your answers to the nearest dollar, if necessary.
- What was the cash flow from operating activities? Cash outflow, if any, should be indicated by a minus sign.
_$__________________
- If accruals increased by $25,000, receivables and inventories increased by $195,000, and depreciation and amortization totaled $15,000, what was the firm's net income?
_$_____________________
Posted Date: