Fundamentals of Financial Management, Concise Edition (MindTap Course List)
Fundamentals of Financial Management, Concise Edition (MindTap Course List)
9th Edition
ISBN: 9781305635937
Author: Eugene F. Brigham, Joel F. Houston
Publisher: Cengage Learning
Question
Book Icon
Chapter 3, Problem 3DQ
Summary Introduction

To analyze: The changes in cash balance in two years based on the statement of cash flow.

Introduction:

A part of annual financial statements, the statement of cash flow is used to report the cash and changes in cash during the accounting period. It categories the cash flows in three parts that are cash from the operations, cash from financing and cash from the investing activities.

Blurred answer
Students have asked these similar questions
Compare the cash generation and uses of Sainsbury’s in 2017 relative to 2016. In particular, comparatively assess the strengths and weaknesses of each part (CFO, CFI and CFF).
How to prepare a statement of cash flows ?  To prepare a statment of cash flows for the year 2014                                                                             2014                    2013  Cash                                                            177,000                78,000  Accounts recievable                               180,000.                185,000 Investments                                                52,000             74,000 Equipment                                                     298,000             240,000Accoumulated depreciation-- equipment    (106,000)         (89,000) Current Liabalities                                          134,000                151,000              Common stock                                            160,000                     160,000 Retained Earnings                                  307,000                      177,000   Additional Infomation : Investments were sold at loss (not extraordinary) of 10,000; no…
Forecast the Statement of Cash FlowsFollowing are the income statements and balance sheets of Best Buy Co., Inc. Income Statement,Fiscal Years Ended ($ millions) 2012Estimated Feb. 26,2011 Revenue $52,534 $50,272 Cost of goods sold 39,295 37,611 Restructuring charges - cost of goods sold -- 24 Gross profit 13,239 12,637 Selling, general and administrative expenses 10,769 10,325 Restructuring charges -- 198 Goodwill and tradename impairment -- -- Operating income 2,470 2,114 Other income (expenses)     Investment income and other 51 51 Interest expense (87) (87) Earnings before income tax expense and equity in income of affiliates 2,434 2,078 Income tax expense 837 714 Equity in income of affiliates 2 2 Net earnings including noncontrolling interests 1,599 1,366 Net earnings attributable to noncontrolling interests (120) (89) Net earnings attributable to Best Buy Co., Inc. $1,479 $1,277 Balance Sheet($ millions) 2012Estimated Feb. 26,2011…

Chapter 3 Solutions

Fundamentals of Financial Management, Concise Edition (MindTap Course List)

Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Fundamentals of Financial Management, Concise Edi...
Finance
ISBN:9781305635937
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Cengage Learning
Text book image
Cornerstones of Financial Accounting
Accounting
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Cengage Learning
Text book image
Financial Accounting Intro Concepts Meth/Uses
Finance
ISBN:9781285595047
Author:Weil
Publisher:Cengage
Text book image
Financial Accounting: The Impact on Decision Make...
Accounting
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Cengage Learning