Megenity Company's net income last year was $195,300. Changes in the company's balance sheet accounts for the year appear below:
The net cash provided by (used in) operating activities last year was:
Answer
$286,400
The net cash provided by (used in) investing activities last year was:
Answer
$(96,400)
The net cash provided by (used in) financing activities last year was:
Answer
$(190,000)
No plant and equipment was disposed of during the year. The free cash flow for the year was:
Answer
$109,100
|
Increases
|
|
(Decreases)
|
Debit balances: |
|
Cash |
$6,100
|
Accounts receivable |
$(8,200)
|
Inventory |
$(6,600)
|
Prepaid expenses |
$0
|
Long-term investments |
$50,100
|
Plant and equipment |
$46,300
|
|
|
Credit balances: |
|
Accumulated depreciation |
$58,600
|
Accounts payable |
$(14,600)
|
Accrued liabilities |
$10,200
|
Taxes payable |
$9,900
|
Bonds payable |
$(78,600)
|
Deferred taxes |
$12,200
|
Common stock |
$19,600
|
Retained earnings |
$70,400
|
The company declared and paid cash dividends of $131,000 last year. |
The net cash provided by (used in) operating activities last year was:
$253,900 |
|
$286,400 |
|
$195,300 |
|
$227,800 |
Answer
$286,400
The net cash provided by (used in) investing activities last year was:
$97,000 |
|
$(96,400) |
|
$(77,400) |
|
$76,200 |
$(96,400)
The net cash provided by (used in) financing activities last year was:
$(190,000) |
|
$(59,000) |
|
$190,000 |
|
$59,000 |
$(190,000)
No plant and equipment was disposed of during the year. The free cash flow for the year was:
$155,400 |
|
$463,700 |
|
$240,100 |
|
$109,100 |
$109,100
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