S11-3 (book/static) Question Help The CEO and CFO from Lawrence Hotels, Inc., are reviewing company performance for 2018. The income statement reports a 25% increase in net income over 2017. However, most of the increase resulted from a gain on insurance proceeds from fire damage to a building. The balance sheet shows a large increase in receivables. The cash flows statement, in summarized form, reports the following: (Click the icon to view the cash flow statement.) Write a memo giving Lawrence's top executives your assessment of 2018 operations and your outlook for the future. Focus on the information content of the cash flows data To: Managers of Lawrence Hotels, Inc. Subject Assessment of 2018 and Outlook for the Future V. This is confirmed by the 2018 was year. Most of the increase in net income resulted from the gain on the insurance proceeds from fire damage to a building, which means that normal operations increase in receivables, which hints that Data Table $ (53,700) Net cash used for operating activities Net cash provided by investing activities Net cash provided by financing activities 39,300 17,500 3,100 Increase in cash during 2018 Print Done Click to select your answer(s) and then click Check Answer. parts 4 remaining Clear All Check