Question: NOTE: Although this problem is similar to the previous and/or next problem, some elements differ such that you must solve the answer for this problem


NOTE: Although this problem is similar to the previous and/or next problem, some elements differ such that you must solve the answer for this problem independent of your answer to any other questions. Momber's Flooring Company 2011 2012 800 Cash 500 Accounts receivable 1,400 1,200 Inventory Net fixed assets 3,900 4,400 8,2008,200 1,000 2,000 15,000 16,600 Land Total Assets Notes payable 1,000 600 Accounts payable 3,000 2,000 Accruals 500900 Long-term debt 3,600 5,400 Common Stock 2,500 2,200 Retained earnings 4,400 5,500 Total Liabilities and Equity 15,000 16,600 Given the Balance Sheets for Members Flooring Company above for the years ending December 31, 2011 and 2012, find Net Cash Flows from Operating Activities for 2012 assuming the following income statement data: Net income (2012) -$2,234 and Depreciation (2012) -5895 Round your answer as a whole number and record without a dollar sign and without commas. For example, record 53,204.854 s 3205. To show negative cash flow (ie, a net cash outflow) place a negative sin before your answer with no space between the negative sign and the number. Thus, record negative 5,432 -5432 Given the Balance Sheets for Momber's Flooring Company above for the years ending Decembe 31, 2011 and 2012, find Net Cash Flows from Investing Activities for 2012 assuming the following income statement data: Net income (2012) - sace Net income (2012) - $ 3,680 and Depreciation (2012) - S 825 Given the Balance Sheets for Momber's Flooring Company above for the years ending December 31, 2011 and 2012, find Net Cash Flow from Financing Activities for 2012 assuming the following income statement data: Net income (2012) - $3,321 and Depreciation (2012) - $1,871
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
