Author Question: Consider the above statement of cash flows. (Multiple Questions) (Read 47 times)

Charlie · **on:** Jul 9, 2019

Use the table for the question(s) below.

AOS Industries Statement of Cash Flows for 2008

Operating activities

Net Income

3.2

Depreciation and amortization

1.4

Cash effect of changes in

Accounts receivable

2.1

Accounts payable

1.1

Inventory

0.8

Cash from operating activities

2.8

Investment activities

Capital expenditures

2.2

Acquisitions and other investing activity

-0.4

Cash from investing activities

2.6

Financing activities

Dividends paid

-1.5

Sale or purchase of stock

2.1

Increase in short-term borrowing

1.4

Increase in long-term borrowing

3.2

Cash from financing activities

5.2

Change in Cash and Cash Equivalents

5.4

Consider the above statement of cash flows. If all amounts shown above are in millions of dollars, what were AOS Industries' retained earnings for 2008?
◦ $1.3 million
◦ $1.7 million
◦ $5.4 million
◦ $2.1 million

wuly · **Reply #1 on:** Jul 9, 2019

A FREE account is required to view all solutions!

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 35% of students answer this correctly

Charlie · **Reply #2 on:** Jul 9, 2019

TY

wuly · **Reply #3 on:** Jul 9, 2019

You're welcome

Charlie · **Reply #4 on:** Jul 9, 2019

Use the table for the question(s) below.

AOS Industries Statement of Cash Flows for 2008

Operating activities

Net Income

3.2

Depreciation and amortization

1.4

Cash effect of changes in

Accounts receivable

2.1

Accounts payable

1.1

Inventory

0.8

Cash from operating activities

2.8

Investment activities

Capital expenditures

2.2

Acquisitions and other investing activity

-0.4

Cash from investing activities

2.6

Financing activities

Dividends paid

-1.5

Sale or purchase of stock

2.1

Increase in short-term borrowing

1.4

Increase in long-term borrowing

3.2

Cash from financing activities

5.2

Change in Cash and Cash Equivalents

5.4

Consider the above statement of cash flows. What were AOS Industries' major means of raising money in 2008?
◦ from investment activities
◦ by issuing debt
◦ from its operations
◦ by sale of stock

Ddddd · **Reply #5 on:** Jul 9, 2019

by issuing debt

Mr3Hunna · **Reply #6 on:** Jul 9, 2019

Use the table for the question(s) below.

AOS Industries Statement of Cash Flows for 2008

Operating activities

Net Income

3.2

Depreciation and amortization

1.4

Cash effect of changes in

Accounts receivable

2.1

Accounts payable

1.1

Inventory

0.8

Cash from operating activities

2.8

Investment activities

Capital expenditures

2.2

Acquisitions and other investing activity

-0.4

Cash from investing activities

2.6

Financing activities

Dividends paid

-1.5

Sale or purchase of stock

2.1

Increase in short-term borrowing

1.4

Increase in long-term borrowing

3.2

Cash from financing activities

5.2

Change in Cash and Cash Equivalents

5.4

Consider the above statement of cash flows. Which of the following is true of AOS Industries' operating cash flows?
◦ It sold more inventory than it bought.
◦ It collected more cash from its customers than they charged.
◦ It charged more on its accounts payable back than it paid back.
◦ All of the above are true.