Net cash provided by operating activities for the year ended December 31, 2022, was $125,800. The cash balance on December 31, 2022, was $68,200. The net decrease in cash for the year was $39,700. Net cash used by financing activities was $49,900. Required: Calculate net cash provided (used) by investing activities for the year ended
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- The financial statements for Romeo and Company follow. Assume that the additional investment and the withdrawals were in the form of cash. Required Prepare a statement of cash flows for the year ended December 31, 2018. Check Figure Net cash flows from operating activities, 172,000Ratio Analysis Consider the following information taken from Chicago Water Slides (CWSs) financial statements: Also, CWSs operating cash flows were $25,658 and $29,748 in 2019 and 2018, respectively. Note: Round all answers to two decimal places. Required: 1. Calculate the current ratios for 2019 and 2018. 2. Calculate the quick ratios for 2019 and 2018. 3. Calculate the cash ratios for 2019 and 2018. 4. Calculate the operating cash flow ratios for 2019 and 2018. 5. CONCEPTUAL CONNECTION Provide some reasons why CWSs liquidity may be considered to be improving and some reasons why it may be worsening.6zOshLaGsSzvcHy9vKm0jUnAg/formResponse?pli=1 * Required Consider the following selected financial information for Aishti company. Aishti Company Income Statement For the Year Ended December 31, 2020 Aishti Company Balance Sheet For the Year Ended December 31, 2019 & 2020 2020 2019 Assets Cash Accounts Receivable Inventories $2,415 $5,040 Revenues $94.300 $5,355 $6,195 $10,290 $10,080 Less: Depreciation expense $6.825 Plant & Equipment Less: Acc. Depreciation Total Assets $22,575 ($15,960) ($9,135) S35,070 $32,970 Less: Other operating expenses 74,560 $34,755 Less: Interest Expense 3,990 Liabilities & O/E Accounts Payable Income Tax Payable Long-Term Debt Common Stock Retained Earmings Total Liabilities and 0/E $3,885 $1,260 $9,555 $11,550 $8.820 $35,070 S5,775 $2,940 $8,715 $14,175 $3,150 $34,755 Income before income taxes $9,135 Income tax expense $3.197 Net income $5,938 1. Using the indirect method of cash flow statement, what is the net dash
- Problem 21-17 (Algo) Statement of cash flows; indirect method [LO21-4, 21-8] Comparative balance sheets for 2021 and 2020 and a statement of income for 2021 are given below for Metagrobolize Industries. Additional information from the accounting records of Metagrobolize also is provided. METAGROBOLIZE INDUSTRIESComparative Balance SheetsDecember 31, 2021 and 2020($ in thousands) 2021 2020 Assets Cash $ 405 $ 245 Accounts receivable 350 190 Inventory 500 275 Land 500 450 Building 900 900 Less: Accumulated depreciation (200 ) (180 ) Equipment 2,500 2,150 Less: Accumulated depreciation (325 ) (300 ) Patent 1,000 1,150 $ 5,630 $ 4,880 Liabilities Accounts payable $ 600 $ 400 Accrued liabilities 150 130 Lease liability—land 130 0 Shareholders' Equity Common stock…Problem 21-16 (Algo) Statement of cash flows; indirect method [LO21-4, 21-8] The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are given below for Dux Company. Additional information from Dux’s accounting records is provided also. DUX COMPANYComparative Balance SheetsDecember 31, 2021 and 2020($ in thousands) 2021 2020 Assets Cash $ 117.0 $ 34.0 Accounts receivable 62.0 64.0 Less: Allowance for uncollectible accounts (3.0 ) (2.0 ) Dividends receivable 17.0 16.0 Inventory 69.0 64.0 Long-term investment 29.0 24.0 Land 84.0 40.0 Buildings and equipment 169.0 264.0 Less: Accumulated depreciation (7.0 ) (120.0 ) $ 537.0 $ 384.0 Liabilities Accounts payable $ 27.0 $ 34.0 Salaries payable 16.0 19.0 Interest payable 18.0 16.0 Income tax payable…Problem 21-4 (Algo) Statement of cash flows; direct method [LO21-3, 21-8] The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are given below for Dux Company. Additional information from Dux's accounting records is provided also. DUX COMPANYComparative Balance SheetsDecember 31, 2021 and 2020($ in thousands) 2021 2020 Assets Cash $ 72 $ 27 Accounts receivable 41 56 Less: Allowance for uncollectible accounts (3 ) (2 ) Dividends receivable 6 5 Inventory 95 90 Long-term investment 27 24 Land 95 75 Buildings and equipment 194 220 Less: Accumulated depreciation (34 ) (60 ) $ 493 $ 435 Liabilities Accounts payable $ 76 $ 83 Salaries payable 7 10 Interest payable 10 5 Income tax payable 5 7 Notes payable 20 0 Bonds…
- Exercise 12-12 (Algo) Indirect: Preparing statement of cash flows LO P2, P3, A1 [The following information applies to the questions displayed below.] The following financial statements and additional information are reported. IKIBAN INCORPORATED Comparative Balance Sheets 2021 At June 30 2020 Assets $ 94,900 96,500 84,800 6,500 282,700 145,000 2$ 65,000 72,000 118,000 9,600 264,600 136,000 Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accumulated depreciation- Equipment (37,500) (19,500) $ 381,100 $ Total assets 390,200 Liabilities and Equity $ 61,500 19,200 8,000 88,700 81,000 169,700 Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long term) Total liabilities Equity Common stock, $5 par value Retained earnings 46,000 8,100 5,500 59,600 51,000 110,600 262,000 181,000 17,600 $ 390,200 30,400 $ 381,100 Total liabilities and equity IKIBAN INCORPORATED Income Statement For Year Ended June 30, 2021 $…Exercise 11-50(Appendix 11A) Preparing a Statement of Cash Flows—Direct Method Financial statements for Rowe Publishing Company are presented below. Rowe Publishing CompanyBalance SheetsDecember 31, 2019 and 2018 ASSETS 2019 2018 Current assets: Cash $85,000 $66,000 Accounts receivable 240,000 231,000 Inventory 190,000 170,000 Total current assets $515,000 $467,000 Property, plant, and equipment: Building $400,000 $400,000 Equipment 155,000 130,000 $555,000 $530,000 Accumulated depreciation (375,000) (350,000) Net property, plant, and equipment 180,000 180,000 Total assets $695,000 $647,000 LIABILITIES AND EQUITY 2019 2018 Current liabilities: Accounts payable $133,000 $121,000 Salaries payable 15,000 11,000 Income taxes payable 10,000 17,000 Total current liabilities $158,000 $149,000 Long-term liabilities: Notes payable $115,000 $150,000 Bonds payable 50,000…Required information Problem 13-7 (Algo) Prepare a Statement of Cash Flows [LO13-1, LO13-2] Skip to question [The following information applies to the questions displayed below.] Comparative financial statements for Weaver Company follow: Weaver CompanyComparative Balance Sheetat December 31 This Year Last Year Assets Cash $ 15 $ 11 Accounts receivable 291 228 Inventory 152 195 Prepaid expenses 8 5 Total current assets 466 439 Property, plant, and equipment 514 435 Less accumulated depreciation (83) (71) Net property, plant, and equipment 431 364 Long-term investments 25 32 Total assets $ 922 $ 835 Liabilities and Stockholders' Equity Accounts payable $ 302 $ 225 Accrued liabilities 70 79 Income taxes payable 75 63 Total current liabilities 447 367 Bonds payable 199 171 Total liabilities 646 538 Common stock 162 202 Retained earnings 114 95 Total stockholders’ equity 276 297 Total liabilities and stockholders' equity $…
- Required Information Exercise 12-12 (Static) Indirect: Preparing statement of cash flows LO P2, P3, A1 [The following information applies to the questions displayed below.] The following financial statements and additional information are reported. IKIBAN INCORPORATED Comparative Balance Sheets 2021 2020 $ 87,500 65,000 $ 44,000 51,000 86,500 At June 30 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accumulated depreciation-Equipment Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long term) Total liabilities Equity Common stock, $5 par value Retained earnings Total liabilities and equity Sales Cost of goods sold IKIBAN INCORPORATED Income Statement 63,800 4,400 5,400 220,700 186,900 124,000 (27,000) $ 317,700 $ 25,000 115,000 (9,000) $292,900 $ 30,000 15,000 3,800 6,000 3,400 34,400 48,800 30,000 60,000 64,400 108,800 220,000 160,000 33,300 $317,700 24,100…Exercise 12-12 (Algo) Indirect: Preparing statement of cash flows LO P2, P3, A1 Skip to question [The following information applies to the questions displayed below.] The following financial statements and additional information are reported. IKIBAN INCORPORATED Comparative Balance Sheets At June 30 2021 2020 Assets Cash $ 97,900 $ 60,000 Accounts receivable, net 89,000 67,000 Inventory 79,800 110,500 Prepaid expenses 6,000 8,600 Total current assets 272,700 246,100 Equipment 140,000 131,000 Accumulated depreciation—Equipment (35,000) (17,000) Total assets $ 377,700 $ 360,100 Liabilities and Equity Accounts payable $ 41,000 $ 54,000 Wages payable 7,600 18,200 Income taxes payable 5,000 7,000 Total current liabilities 53,600 79,200 Notes payable (long term) 46,000 76,000 Total liabilities 99,600 155,200 Equity Common stock, $5 par value 252,000 176,000 Retained earnings 26,100 28,900 Total liabilities and equity $ 377,700 $…Problem 17-4 (IAA) Pro Forest Company provided the following information for the preparation of a statement of cash flows for the current year Fear state 2020 2019 Cas! Accc Inve Inve Lan Pro Acc Goc 300,000 Cash and cash equivalents Trading securities Accounts receivable, net of allowance Inventory Property, plant and equipment (net) Goodwill Discount on bonds payable 603,000 300,000 200,000 600,000 900,000 2,000,000 200,000 72,000 520,000 840,000 2,100,000 200,000 100,000 4,675,000 4,260,000 Acc No Во Sh. Sh Re Tr 490,000 310,000 800,000 800,000 210,000 1,000,000 Accounts payable Accrued expenses Bonds payable Preference share capital, P100 par, each share convertible into two ordinary shares Ordinary share capital, P20 par Share premium Retained earnings 500,000 700,000 400,000 650,000 400,000 820,000 500,000 1,355,000 A 4,675,000 4,260,000 1. Additional information 2. 1. Net income for the current year was P1,705,000. 2. Cash dividend paid during the year totaled P1,000,000. 3. The…