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  • Top Managers of Relax Inns Are Reviewing Company Performance For

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    Muhammad Shahid
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    Top managers at Relax Inns are reviewing the company's 2017 performance. While net income increased 20% from 2016, most of this was from an insurance payout rather than operations. The cash flow statement showed $80,000 used in operating activities, with $40,000 and $50,000 provided by investing and financing activities respectively, resulting in a $10,000 increase in cash.

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    Top managers at Relax Inns are reviewing the company's 2017 performance. While net income increased 20% from 2016, most of this was from an insurance payout rather than operations. The cash flow statement showed $80,000 used in operating activities, with $40,000 and $50,000 provided by investing and financing activities respectively, resulting in a $10,000 increase in cash.

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    © All Rights Reserved
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    3 views1 page

    Top Managers of Relax Inns Are Reviewing Company Performance For

    Uploaded by

    Muhammad Shahid
    Top managers at Relax Inns are reviewing the company's 2017 performance. While net income increased 20% from 2016, most of this was from an insurance payout rather than operations. The cash flow statement showed $80,000 used in operating activities, with $40,000 and $50,000 provided by investing and financing activities respectively, resulting in a $10,000 increase in cash.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Top managers of Relax Inns are reviewing company

    performance for #6005


    Top managers of Relax Inns are reviewing company performance for

    Top managers of Relax Inns are reviewing company performance for 2017. The income
    statement reports a 20% increase in net income over 2016. However, most of the increase
    resulted from a gain on insurance proceeds from fire damage to a building. The balance sheet
    shows a large increase in receivables. The statement of cash flows, in summarized form,
    reports the following:

    Net cash used for operating activities................................................................ $(80,000)

    Net cash provided by investing activities.............................................................. 40,000

    Net cash provided by financing activities.............................................................. 50,000

    Increase in cash during 2017............................................................................... $ 10,000

    Requirement

    Write a memo giving Relax Inns' managers your assessment of 2017 operations and your
    outlook for the future. Focus on the information content of the cash-flow data?

    Top managers of Relax Inns are reviewing company performance for

    ANSWER
    http://paperinstant.com/downloads/top-managers-of-relax-inns-are-reviewing-company-
    performance-for/

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