Question: Using the data in the tables below, compute Net Cash Flow from Investing Activities for Auburn Tangerine, Inc. for Year 2: Auburn Tangerine, Incorporated Balance

Using the data in the tables below, compute Net Cash Flow from Investing Activities for Auburn Tangerine, Inc. for Year 2: Auburn Tangerine, Incorporated Balance Sheets for the Years Ending December 31. (All amounts are in dollars) Year 1 Year 2 Cash 16,200 17,600 Accounts receivable 97,200 96,800 Inventory 153,900 176,000 Total current assets 267,300 290,400 Gross fixed assets 631,800 686,400 (Accumulated depreciation) (121,500) (132,000) Net fixed assets 510,300 554,400 Land 32,400 35,200 Total assets 810,000 880,000 Notes payable Accounts payable Accruals 24,300 72,900 8.100 17,600 70,400 26,400 Notes payable Accounts payable Accruals Current portion of LT Debt Total current liabilities Long-term debt Common stock Paid in capital Retained earnings Total liabilities and equity 24,300 72,900 8,100 56,700 162,000 178,200 145.800 40,500 283,500 810,000 17,600 70,400 26,400 70,400 184,800 184,800 158.400 44,000 308,000 880,000 Additional Data from Company Income Statement(s); w Sales in Year 2 = 1,715,000 Net income in Year 2 = 32,280
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
