to the data in QS 12-11. Use the direct method to prepare the cash provided or used from operating activities section only of the statement of cash flows for this company Financial data from three competitors in the same industry follow. 1. Which of the three competitors is in the strongest position as shown by its statement of cash flows? 2. Analyze and compare the strength of Moore's cash flow on total assets ratio to that of Sykes. B Moore $ 70,000 C Sykes $ 60,000 D Kritch $ 24,000) 4 5 26,000 A 1 $ thousands 2 Cash provided (used) by operating activities 3 Cash provided (used) by investing activities Proceeds from sale of operating assets Purchase of operating assets 6 Cash provided (used) by financing activities Proceeds from issuance of debt Repayment of debt 9 Net increase (decrease) in cash 10 11 Average total assets (28,000) (34,000) 7 8 23,000 (6,000) $ 36,000 $ 26,000 $ 25,000 $790,000 $625,000 $300,000 When a spreadsheet for a statement of cash flows is prepared, all changes in noncash balance sheet a counts are fully explained on the spreadsheet. Explain how these noncash balance sheet accounts are us to fully account for cash flows on a spreadsheet. fl