Question

Following data is extracted from the financial statements of LMG, Inc. for 2018: Purchases of property...

Following data is extracted from the financial statements of LMG, Inc. for 2018:

Purchases of property and equipment                                 $ 7,600

Purchases of marketable securities                                     $ 18,750

Sales of marketable securities                                             $ 9,250

Maturities of marketable securities                                    $ 1,975

Acquisitions of businesses                                                   $1200

Deferred revenue                                                                 $740

Prepaid expenses and other current assets                          $980

Taxes paid related to net equity share settlement awards $3,835

Principal payments on financing obligations                    $825

Repurchases of Class A common stock                               $2,330

Calculate the following for LMG Inc.:

a) The net cash flows from investing activities in 2018?

b) The net cash flows from financing activities in 2018?     

c) The net change in cash and cash equivalents, if the net cash flow from operating activities in 2018 is $ 15,620?

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Following data is extracted from the financial statements of LMG, Inc. for 2018: Purchases of property...
Following data is extracted from the financial statements of LMG, Inc. for 2018: Purchases of property and equipment $ 7,600 Purchases of marketable securities $ 18,750 Sales of marketable securities $ 9,250 Maturities of marketable securities $ 1,975 Acquisitions of businesses $1200 Deferred revenue $740 Prepaid expenses and other current assets $980 Taxes paid related to net equity share settlement awards $3,835 Principal payments on financing obligations $825 Repurchases of Class A common stock $2,330 Calculate the following for LMG...
A firm reports the following information from their financials for 2018: Financial Data 2018 Net cash...
A firm reports the following information from their financials for 2018: Financial Data 2018 Net cash provided by operating activities $427,000.00 Net cash used in investing activities -$97,000.00 Net cash provided by financing activities -$214,000.00 What is the net increase in cash and marketable securities for 2018? If the cash and marketable securities balance was $50,000 at the beginning of the year, what is the balance at the end of 2018?
Where did most of their cash inflow come from? Where did most of their Cash Outflow...
Where did most of their cash inflow come from? Where did most of their Cash Outflow Go? Do You think these inflows and outflows indikcated good or bad news? Investing ACTIVITIES: Purchases of property and equipment, including internal-use software and website development, net $(6,737) Acquisitions, net of cash acquired, and other $(116) Sales and maturities of marketable securities $4,733 Purchases of marketable securities$(7,756) Net cash provided by (used in) investing activities $(9,876)
The following are balances from XYZ company financial statements as of 31/12/2019: Account 2018 2019 Marketable...
The following are balances from XYZ company financial statements as of 31/12/2019: Account 2018 2019 Marketable Securities $15,000 $18,000 Accounts Receivable $15,000 $20,000 Inventory $19,000 $16,000 Gross Fixed Assets $78,000 $88,000 Accounts Payable $19,000 $12,000 Net profits after taxes $16,000 $24,000 Depreciation -$7,000 -$7,000 Selling Expenses -$3,000 -$5,000 Dividends -$5,000 -$5,000 In the statement of cash flows, the amount of cash provided from operating activities is? Select one: a. $22,000 b. $26,000 c. $24,000 d. $29,000
Determining Net Cash Flow from Investing Activities Davis Inc. reported the following information: 12/31/2019 12/31/2018 Equipment...
Determining Net Cash Flow from Investing Activities Davis Inc. reported the following information: 12/31/2019 12/31/2018 Equipment $160,000 $115,000 Accumulated depreciation (85,000) (59,000) Investment (long-term) 18,610 10,000 In addition, Davis sold equipment costing $12,500 with accumulated depreciation of $8,950 for $2,330 cash, producing a $1,220 loss. Davis reported net income for 2019 of $122,350. Required: Compute net cash flow from investing activities. Use a minus sign to indicate negative cash flows (outflows).
3. Below is financial information extracted from financial statements for KHLED Inc. for 2016. items Amounts...
3. Below is financial information extracted from financial statements for KHLED Inc. for 2016. items Amounts in thousands of Saudi Riyal Net in come 200 Depreciation expense 15 Increase in accounts receivable 35 Decrease in inventory 30 Increase in accounts payable 20 Proceeds from sale of land 50 Purchases of equipment 20 Proceeds from issuance of common stock 40 Cash dividends 5 Cash, January 1, 2016 100 Required: Prepare cash flow statement for KHALED Inc. for 2016 using indirect method....
The following items appeared in the Investing Activities section of Apple Inc.’s statement of cash flows...
The following items appeared in the Investing Activities section of Apple Inc.’s statement of cash flows included in Form 10-K for the year ended September 26, 2015. (All amounts are in millions of dollars.) 2015 2014 2013 Purchases of marketable securities $(166,402) $(217,128) $(148,489) Proceeds from maturities of marketable securities 14,538 18,810 20,317 Proceeds from sales of marketable securities 107,447 189,301 104,130 Required: 1. What amount did Apple spend in 2015 to purchase marketable securities? $____?___ million How does this...
The following information were extracted from its financial statements of Avatar Corporation: Net Loss ($15,800) Depreciation...
The following information were extracted from its financial statements of Avatar Corporation: Net Loss ($15,800) Depreciation $25,300 Issuance of bonds payable $31,400 Payment of dividend $5,300 Purchase of equipment $1,200,000 Sale of equipment $320,000 Increase in inventory $12,000 Issuance of common stock $28,000 Loss on sale of equipment $42,000 Purchase of treasury stock $38,000 Increase in accounts payable $14,000 Increase in accounts receivable $9,000 Decrease in accrued liability $1,000 Required: Prepare a statement showing the computation of the company’s net...
The following is selected financial information of Katy Inc. for the year ended December 31, 2018....
The following is selected financial information of Katy Inc. for the year ended December 31, 2018. Cash assets $ 84,000 Operating cash flows 78,000 Sales 163,600 Stockholders’ equity 169,400 Cost of goods sold 104,000 Financing cash flows (10,800) Total liabilities 64,000 Noncash assets 149,400 Investing cash flows (4,800) Other expenses    40,000 Net income   19,600 Cash at beginning of the year      21,600 Prepare an income statement, balance sheet and statement of cash flows for Katy Inc. at December 31, 2018.
Directions: Ratio Calculation, use formulas to calculate the following financial indicators for each year of data:...
Directions: Ratio Calculation, use formulas to calculate the following financial indicators for each year of data: o Current ratio o Debt/equity ratio o Free cash flow o Earnings per share o Price/earnings ratio o Return on equity o Net profit margin o Describe how and why each of the ratios has changed over the three-year period. For example, did the current ratio increase or decrease? Why? Describe how three of the ratios you calculated for your company compare to the...