Quinze Seize Corp. reported the followingamounts in its statement of financialposition at each year-end:Account Titles2021CashAccounts ReceivableInvestmentsPlant Assets2020P2,750,000 P2,000,0007,000,000 4,600,0001,000,000 1,750,0009,000,000 6,500,000(3,000,000) (2,250,000)4,750,000 3,750,0007,500,000 5,000,0004,500,000 3,850,000Accumulated DepreciationAccounts PayableShare CapitalRetained Earnings. An investment was sold for P1,250,000 during the year.There was no disposal of plant assets during the year.• The net profit for the year was P3,000,000.• A dividend of P2,350,000 was paid on December 31, 2021.What is the net cash providedby operating activities?a. 1,100,000b. 1,850,000C. $2,350,000d.$2,850,000

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What is the net cash provided by operating activities? a. P1,100,000 b. 1,850,000 C. P2,350,000 d. $2.85 2.850.000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Current Attempt in Progress XYZ provided the following financial information: XYZBalance SheetAs of 12/31/19 Assets: Liabilities and Equity: Cash and marketable securities $27,476 Accounts payable and accruals $154,860 Accounts receivable $143,519 Short-term notes payable $21,255 Inventory $212,379 Total current liabilities $176,115 Total current assets $383,374 Long term debt $155,510 Net plant and equipment $602,704 Total liabilities $331,625 Goodwill and other assets $42,422 Common stock $312,719 Retained earnings $384,156 Total assets $1,028,500 Total liabilities and equity $1,028,500 In addition, it was reported that the firm had a net income of: $158,402 and net sales of: $4,272,431 Calculate the following ratios for this firm (Use 365 days for calculation. Round answers to 2 decimal places, e.g.…
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