Question: Using the financial data in the table below, compute Net Cash Flows from Investing Activities for Investco-2, Inc. for Year-2. Year-1 Year-2 Cash 18,760

Using the financial data in the table below, compute Net Cash Flows from Investing Activities for Investco-2, Inc. for Year-2. Year-1 Year-2 Cash 18,760 19,450 Accounts receivable 337,680 311,200 Inventory 150,080 194,500 Total current assets 506,520 525,150 Net fixed assets* 1,219,400 1,264,250 Land 150,080 155,600 Total assets 1,876,000 1,945,000 Notes payable 93,800 77,800 Accounts payable 225,120 194,500 Accruals 56,280 77,800 Current portion of LT Debt 243,880 272,300 Total current liabilities 619,080 622,400 Long-term debt 581,560 602,950 Common stock 56,280 77,800 Capital surplus 225,120 252,850 Retained earnings 393,960 389,000 Total liabilities and equity 1,876,000 1,945,000 Additional Data from Income Statement: Sales Net income Depreciation expense Year-1 Year-2 3,752,000 3,890,000 75,040 77,800 262,640 272,300 *No long-term assets were sold in either Year-2 or Year-2
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