Short Module 3 Hmwk - Classifying inflows and outflows of cash Classify each of the following items as an inflow(I or an outflow(O of cash or as

Short Module 3 Hmwk - Classifying inflows and outflows of...

This preview shows page 1 - 4 out of 23 pages.

Item Change($) Item Change ($) Cash 100 Accounts Receivable -700 Accounts Payable -1,000 Net Profits 600 Notes Payable 500 Depreciation 100 Long-term Debt -2,000 Repurchase of Stock 600 Inventory 200 Cash Dividends 800 Fixed Assets 400 Sale of Stock 1,000 Item Change($) Inflow / Outflow Activity Cash 100 Inflow Increase in Net cash Accounts Payable -1,000 Outflow Operating Notes Payable 500 Inflow Financing Long-term Debt -2,000 Outflow Financing Inventory 200 Outflow Operating Fixed Assets 400 Outflow Investing Accounts Receivable -700 Inflow Operating Net Profits 600 Inflow Operating Depreciation 100 Neither inflow / outflowOperating Repurchase of Stock 600 Outflow Financing Cash Dividends800 OutflowFinancingSale of Stock1,000 InflowFinancingClassifying inflows and outflows of cash Classify each of the following items as aninflow (I) or an outflow (O) of cash, or as neither (N).
Image of page 1
Keith Corporation Balance Sheets31-DecAssets20152014Cash $1,500 $1,000 Marketable Securities1,8001,200Accounts Receivable2,0001,800Inventories2,9002,800Total Current Assets$8,200 $6,800 Gross Fixed Asstes$29,500 $28,100 Less: Accumulated Depreciation14,70013,100Net Fixed Assets$14,800 $15,000 Total Assets$23,000 $21,800 Liabilities and Stockholders' EquityAccounts Payable$1,600 $1,500 Notes Payable2,8002,200Accruals200300Total Current Liabilities$4,600 $4,000 Long-term Debt5,0005,000Total Liabilities$9,600 $9,000 Common Stock$10,000 $10,000 Retained Earnings3,4002,800Total Stockholders' Equity$13,400 $12,800 Total Liabilities and Stockholders' Equity$23,000 $21,800 P4–6 Finding operating and free cash flows Consider the following balance sheets and selecta. Calculate the firm’s net operating profit after taxes (NOPAT) for the year ended December b. Calculate the firm’s operating cash flow (OCF) for the year ended December 31, 2015, usi selected data from the income statement of Keith Corporation.
Image of page 2
Image of page 3
Image of page 4

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture