Question

Bulldog, Inc. has the following balance sheet information for the years ending December 31, 2018 and...

Bulldog, Inc. has the following balance sheet information for the years ending December 31, 2018 and 2017.  Dollar amounts are in thousands of dollars.

2018 2017

Cash and equivalents ($000) $ 9,333 $ 10,386

Accounts receivables 8,960 8,350

Inventories 47,041 36,769

Prepaid & other current assets   512 759

Total current assets $ 65,846 $ 56,264

Fixed assets, net   29,452 19,645

Total assets $ 95,298 $ 75,909

Accounts payable $ 14,294 $ 7,591

Other current liabilities   13,167 12,841

Total current liabilities $ 27,461 $ 20,432

Long-term debt 21,902 17,610

Stockholders' equity   45,935   37,867

Total liabilities & stkholders' equity    $ 95,298 $ 75,909

In addition, Bulldog, Inc. has the following income statement items (dollar amounts are in thousands of dollars):

2018 2017

Net sales ($000) $215,600 $153,000

Cost of goods sold 129,364 91,879

Depreciation expense 3,998 2,984

Net income 9,394

What was Bulldog, Inc.'s cash flow from operating activities for 2018?

a.

$9,394
b.

$9,525
c.

$9,655
d.

$9,786
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Answer #1

Option 'd' is correct

Bulldog, Inc.'s cash flow from Operating activities for 2018 is $9,786.

Explanation.

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