JKL Co. reported the following information for the year 2018: (1) Net income is €210 million....
| JKL Co. reported the following information for the year 2018: |
| (1) Net income is €210 million. |
| (2) Acquisitions were €32 million. |
| (3) Customer accounts receivable increased by €12 million. |
| (4) Dividends paid to common shareholders were €8 million. |
| (5) Depreciation expense was €41 million. |
| (6) Income tax payable decreased by €11 million. |
| (7) Long-term debt increased by €28 million. |
| (8) Accounts payable decreased by €6 million. |
| (9) Inventories increased by €17 million. |
| Based on the above information, calculate the following items: |
| 1. Cash flow from operating activities |
| 2. Cash flow from investing activities |
| 3. Cash flow from financing activities |
| 4. The increase or decrease in the cash balance |
Homework Answers
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| Please find below the answer | ||
| Statement of Cash Flow | ||
| Particulars | Amount | Total Amount |
| Cash flow from operating activities | ||
| Income | 210,000,000.00 | |
| Depreciation | 41,000,000.00 | |
| Increase in AR | (12,000,000.00) | |
| Decrease in income tax payable | (11,000,000.00) | |
| Decrease in AP | (6,000,000.00) | |
| Increase in inventory | (17,000,000.00) | |
| Cash flow from operating activities | 205,000,000.00 | |
| Cash flow from Investing activities | ||
| Acquisition | (32,000,000.00) | |
| Cash flow from Investing activities | (32,000,000.00) | |
| Cash flow from Financing activities | ||
| Issue of long term debt | 28,000,000.00 | |
| Dividends Paid | (8,000,000.00) | |
| Cash flow from Financing activities | 20,000,000.00 | |
| The increase or decrease in the cash balance | 193,000,000.00 |
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JKL Co. reported the following information for the year
2018:
(1) Net income is €210 million....
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