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SCF - Practice Q

SCF - Practice Q

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Published by: hatanolove on Jun 28, 2008
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06/14/2009

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Statement of Cash Flows ( Practice Q. )
TSI Manufacturing Co.Balance SheetDec 3120052004AssetsCash$ 88,00058,000Accounts Receivable136,00076,000Inventory128,000108,000Prepaid Expenses 8,000 0Fixed Assets, net of acc. Depr.720,000440,000________________Total Assets$ 1,080,000 682,000================Liabilities & Stockholders’EquityAccounts payable$ 60,00038,000Taxes payable 6,000 8,000Long-term debt250,000 52,000Capital stock354,000254,000Retained earnings410,000330,000 ________________Total liabilities & stockholdersequity 1,080,000682,000==============TSI Manufacturing Co.Income StatementFor the year ended Dec 31, 2005Sales$ 916,000Cost of Goods Sold( 376,000)Gross profit 540,000Operating expenses :Selling & administrative212,000Depreciation 40,000Income Taxes122,000Interest 56,000 430,000 Net Income 110,000======Additional information :1.Dividends declared & paid for 2005 was $ 30,0002.TSI purchased new machinery in the amt of $ 320,0003.TSI issued $ 100,000 in new stock for cash4.TSI borrowed $ 198,000 in the form of long-term debt.
 
Required :A.Calculate the cash flow from operations for 2005 using the
indirect method
. Net Income :$Adjustments :Cash flow from operations$============B.Calculate the cash flow from investing activities for 2005 :C.Calculate the cash flow from financing activities for 2005 :D. Using your answers in A, B & C, show a reconciliation of the change in the cash balance for 2005.

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