Balance Sheets for the Years Ending Dec. 31, 2011 and 2012 2011 2012
Cash 300 400
Accounts receivable 1,000 1,400
Inventories 3,200 3,000
Current assets 4,500 4,800
Net fixed assets 3,800 4,300
Total assets 8,300 9,100
Notes payable 400 300
Accounts payable 700 500
Accruals 50 80
Current portion of long-term debt 70 80
Current liabilities 1,220 960
Long-term debt 4,300 4,900
Common stock ($.20 par) 1,200 1,300
Additional paid-in capital 680 740
Retained earnings 900 1,200
Total liabilities and equity 8,300 9,100
Net income (as reported on the 2012 Income statement)
Depreciation (as reported on the 2012 Income statement) = 197
Net Cash Flow from Financing Activities =
INPUT YOUR ANSWER WITHOUT A DOLLAR SIGN AND WITHOUT ANY COMMAS. IF YOU MEAN FOR YOUR ANSWER TO INDICATE A CASH INFLOW, ENTER THE ANSWER ONLY (for example, enter a cash inflow of $1,000 as 1000). IF YOU MEAN FOR YOUR ANSWER TO INDICATE A CASH OUTFLOW, PUT A NEGATIVE SIGN BEFORE YOUR ANSWER - DO NOT ENTER A SPACE BETWEEN THE NEGATIVE SIGN AND THE NUMBER (for example, enter a cash outflow of $1,200 as -1200)
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
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) = $4,045 and Depreciation (2012) = $883
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.