The statement of cash flows for SRC is reproduced here: Please also show that how you calculated
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The statement of cash flows for SRC is reproduced here:
Please also show that how you calculated the table above. Thanks
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SRC, INC. & SUBSIDIARIES Consolidated Statements of Cash Flows ($ in thousands) FOR PERIOD ENDED Year 9 ($) Year 8 (S) Year 7 (S) Cash flows from operating activities: Net income $ 31,185 $ 64,150 $ 50,952 Adjustments to reconcile net income to net cash flows from operating activities: Pretax non-recurring charge Depreciation and amortization Deferred compensation expense Deferred income taxes Pretax gain on sale of subsidiary Loss on disposal of fixed assets 12.600 18,731 15,127 13,558 653 323 317 (1,158) (7,805) (5,948) 994 586 1,127 325 Changes in assets and liabilities excluding effects of divestitures: Receivables (5,640) (7,019) (104,545) (7,447) (1,366) (675) Inventory Prepaid advertising Other prepaid expenses Accounts payable Reserve for returns Accrued liabilities Accrued profit sharing Income taxes payable Other Net cash flows from (used for) operating activities. 21,468 22,371 (2,844) (2,504) 4,179 1,065 4,758 (145) 14,205 11,616 944 629 4,390 1,454 6,993 8,755 (2,030) (5,899) 1,665 74,260 1,349 (1,047) 8,268 64 394 (26,932) 121,795 Cash flows from (used for) investing activities Cash paid for capital additions Proceeds from sale of subsidiary Net cash flows used for investing activities (46,750) (47,659) 12.350 (18,481) (46,750) (35,309) (18,481) Cash flows from (used for) financing activities Proceeds from short-term debt 6,505 21,242 1,876 Purchases of treasury stock Issuance of treasury stock Net cash flows used for financing activities (35,557) 1,845 (27,207) (45,899) 409 (30,143) 604 (24,248) (27,663) Net increase (decrease) in cash and cash equivalents $ 303 $ (86,489) $ 75,651 Beginning cash and cash equivalents Ending cash and cash equivalents 6,338 $ 6,641 17,176 $ 92,827 92.827 $ 6.338 SRC, INC. & SUBSIDIARIES Consolidated Statements of Cash Flows ($ in thousands) FOR PERIOD ENDED Year 9 ($) Year 8 (S) Year 7 (S) Cash flows from operating activities: Net income $ 31,185 $ 64,150 $ 50,952 Adjustments to reconcile net income to net cash flows from operating activities: Pretax non-recurring charge Depreciation and amortization Deferred compensation expense Deferred income taxes Pretax gain on sale of subsidiary Loss on disposal of fixed assets 12.600 18,731 15,127 13,558 653 323 317 (1,158) (7,805) (5,948) 994 586 1,127 325 Changes in assets and liabilities excluding effects of divestitures: Receivables (5,640) (7,019) (104,545) (7,447) (1,366) (675) Inventory Prepaid advertising Other prepaid expenses Accounts payable Reserve for returns Accrued liabilities Accrued profit sharing Income taxes payable Other Net cash flows from (used for) operating activities. 21,468 22,371 (2,844) (2,504) 4,179 1,065 4,758 (145) 14,205 11,616 944 629 4,390 1,454 6,993 8,755 (2,030) (5,899) 1,665 74,260 1,349 (1,047) 8,268 64 394 (26,932) 121,795 Cash flows from (used for) investing activities Cash paid for capital additions Proceeds from sale of subsidiary Net cash flows used for investing activities (46,750) (47,659) 12.350 (18,481) (46,750) (35,309) (18,481) Cash flows from (used for) financing activities Proceeds from short-term debt 6,505 21,242 1,876 Purchases of treasury stock Issuance of treasury stock Net cash flows used for financing activities (35,557) 1,845 (27,207) (45,899) 409 (30,143) 604 (24,248) (27,663) Net increase (decrease) in cash and cash equivalents $ 303 $ (86,489) $ 75,651 Beginning cash and cash equivalents Ending cash and cash equivalents 6,338 $ 6,641 17,176 $ 92,827 92.827 $ 6.338
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Solution A In question a company strated to implement filing orders when order is placed In this strategy produced goods as an when order is placed so ... View the full answer
Related Book For
Financial Accounting an introduction to concepts, methods and uses
ISBN: 978-0324789003
13th Edition
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
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