Szabo Company presented the following data with its 2009 financial statements: Reconciliation of Net Income to Net
Question:
Szabo Company presented the following data with its 2009 financial statements:
Reconciliation of Net Income to Net Cash Provided by Operating Activities
Required
a. Prepare a statement of cash flows with a three-year total column for 2007–2009.
b. Comment on significant trends you detect in the statement prepared in (a).
c. Prepare a statement of cash flows, with inflow/outflow for the year ended December 31, 2009.
d. Comment on significant trends you detect in the statement prepared in(c).
Transcribed Image Text:
DONNA SZABO COMPANY Statements of Cash Flows For Years Ended December 31, 2009, 2008, and 2007 2009 2008 2007 Increase (decrease) in cash: Cash flows from operating activities: Cash received from customers Cash paid to suppliers and employees Interest received Interest paid Income taxes paid S 173,233 176,446 158,702 (150,668) 157,073) (144,060) (777) 13,109 132 105 (389) (191) 5,880 1 (8,988) 7,773 (6,626 (4.754) (845) 14,335 Net cash provided by operations Cash flows from investing activities: (5,387) Capital expenditures Proceeds from property, plant, and equipment disposals (6,781) 123 6,658) Net cash used in investing activities Cash flows from financing activities: (5,273 Net increase (decrease) in short-term debt Increase in long-term debt Dividends paid Purchase of common stock 5,100 3,700 (8,200) 3,109 2.509) 6,553 7,200 5,200 (8,000) (6,050) Net cash used in financing activities Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning ofyear Cash and cash equivalents at end ofyear 4,330 10,781 7.551 S 18.332 (2,076 S 22,809 $ 24,885 2009 2008 2007 Net income Provision for depreciation and amortization Provision for losses on accounts receivable Gain on property, plant, and equipment disposals Changes in operating assets and liabilities: 7,610 12,000 170 (2,000) S 3,242 9,700 163 (1,120) S 506 9,000 140 (1,500) Accounts receivable Inventories Other assets Accounts payable Accrued income taxes Deferred income taxes (2,000) (3, 100) (1,750) (2,700) (1,600) (2,300) (57) 7.200 5,100 1,200 2,000 $15,880 1,700 $14,335 1,720 $13,109 Net cash provided by operating activities
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a Don Szabo Company Statement of Cash Flows Years Ended December 31 2009 2008 2007 Total 2009 2008 2007 Increase decrease in cash Cash flows from operating activities Cash received from customers 5083...View the full answer
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Related Book For
Financial Reporting and Analysis Using Financial Accounting Information
ISBN: 978-1439080603
12th Edition
Authors: Charles H Gibson
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