This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: Andrew Desiderio October 3, 2007 Fall 2007, Professor Rudolph Acct 151:Chapter 5: 58, 62, 63, 64 58. The Salinas Company Statement of Cash Flows For period December 31 20X0 to 20X1 (in millions) Cash Flow from Operating Activities Net income $ 60 Add Depreciation 40 Net Receivables (35) Net Inventories (44) Net current liabilities 75 Net cash provided by operating activities 96 Cash flow from Investing activities Plant Assets (240) (144) Cash flow from Financing Activities Issuance of long-term debt 150 Dividends paid (12) Net cash from financing activities 138 Net increase in Cash (6) Cash December 31, 20X0 21 Cash December 31, 20X1 $15 2. The Salinas Company bought too much plant assets, which caused a squeeze in cash. The company as a result now has 15 million in 20X1 versus the companies cash of 21 million in 20X0, so it decreased....
View Full Document
This note was uploaded on 04/29/2008 for the course ACCT 151 taught by Professor Largay during the Spring '07 term at Lehigh University .
- Spring '07
- Financial Accounting