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Momber's Flooring Company 2011 2012 Cash            500 800 Accounts receivable        1,400        1,200 Inventory...

Momber's Flooring Company
2011 2012
Cash            500 800
Accounts receivable        1,400        1,200
Inventory        3,900        4,400
Net fixed assets        8,200        8,200
Land        1,000        2,000
Total Assets      15,000      16,600
        
Notes payable        1,000            600
Accounts payable        3,000        2,000
Accruals            500            900
Long-term debt        3,600        5,400
Common Stock        2,500        2,200
Retained earnings        4,400        5,500
Total Liabilities and Equity      15,000      16,600

(1) Given the Balance Sheets for Momber's Flooring Company above for the years ending December 31, 2011 and 2012, find Net Cash Flows from Operating Activities for 2012 assuming the following income statement data:

Net income (2012) = $3,891 and Depreciation (2012) = $554

Round your answer as a whole number and record without a dollar sign and without commas. For example, record $3,204.854 as 3205. To show a negative cash flow (i.e., a net cash outflow), place a negative sign before your answer with no space between the negative sign and the number. Thus, record negative 5,432 as -5432.

(2) Given the Balance Sheets for Momber's Flooring Company above for the years ending December 31, 2011 and 2012, find Net Cash Flows from Investing Activities for 2012 assuming the following income statement data:

Net income (2012) = $ 3,150 and Depreciation (2012) = $ 754

(3) Given the Balance Sheets for Momber's Flooring Company above for the years ending December 31, 2011 and 2012, find Net Cash Flow from Financing Activities for 2012 assuming the following income statement data:

Net income (2012) = $4,301 and Depreciation (2012) = $1,564

Round your answer as a whole number and record without a dollar sign and without commas. For example, record $3,204.854 as 3205. To show a negative cash flow (i.e., a net cash outflow), place a negative sign before your answer with no space between the negative sign and the number. Thus, record negative 5,432 as -5432.

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Homework Answers

Answer #1

1:

Operating Cash flows 3145
Net Income 3891
Adjustments
Depreciation 554
Decrease in receivables 200
Increase in inventories -500
Decrease in notes payables -400
Decrease in accounts payables -1000
Increase in accruals 400

2:

Cash flow from Investing -1754
Increase in fixed assets (8200-8200-754) -754
Increase in land -1000

3:

Cash flow from Financing -1401  
Increase in long term debt 1800
Decrease in common stock -300
Dividend paid - (Net Income - (closing retained earnings- opening retained earnings )) -3201   
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