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Prepare the statement of cash flows with a total column

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Reference no: EM131113232

CASE 10-2 CASH FLOW -- THE DIRECT METHOD

ARDEN GROUP, INC. AND CONSOLIDATED SUBSIDIARIES*
CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

Fifty-Two Weeks Ended January 1, 2011

Fifty-Two Weeks Ended January 2, 2010

Fifty-Three Weeks Ended January 3, 2009

Cash flows from operating activities:

 

 

Cash received from customers

$417,580

$431,108

$479,578

Cash paid to suppliers and employees

384,624

391,957

437,970

Interest and dividends received

1,580

565

2,513

Interest paid

94

87

109

Income taxes paid

11,354

13,895

15,545

Net cash provided by operating activities

23,088

25,734

28,467

Cash flows from investing activities:

 

 

Capital expenditures

2,597

2,890

5,159

Purchases of investments

29,861

30,164

25,130

Saks of investments

51,926

13,127

35,556

Proceeds from the sale of property, plant and equipment

16

48

21

Net cash provided by (used) in investing activities

19,484

19,879

5,288

Cash flows from financing activities:

 

 

Cash dividends paid

3,161

3,161

82,188

Net cash used in financing activities

3,161

3,161

82,188

Net increase (decrease) in cash and cash equivalents

39,411

2,694

48,433

Cash and cash equivalents at beginning of year

13,180

10,486

58,919

Cash and cash equivalents at end of year

$52,591

$13,180

$10,486

Reconciliation of Net Income to Net Cash Provided by Operating Activities:

Net income

$18,085

$21,624

$24,667

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

5,307

5,599

6,110

Provision for losses on accounts receivable

44

94

169

Deferred income taxes

1,129

108

1,923

Net loss from the disposal of property, plant and equipment

8

54

89

Realized loss on investments, net

66

0

907

Amortization of premium on investments

960

472

259

Stock appreciation rights compensation experiance(income)

394

273

1,823

Changes in assets and liabilities net of effect from noncash investing and financing activities:

(Increase) decrease in assets:

Accounts and notes receivable

799

246

527

Inventories

1,302

972

3,712

Other current assets

95

204

281

Other assets

27

16

69

Increase (decrease) in liabilities:

9,148

Accounts payable, trade and other current liabilities:

1,090

2,402

Federal and state income taxes payable

237

668

-608

Deferred rent

61

99

154

Other liabilities

348

1,255

1,767

Net cash provided by operating activities

$23,088

$25,734

$28,467

"The Registrant, Arden Group, Inc. ;company or Arden), is a holding company which conducts operations through its wholly-owned subsidiary, Arden-Mayfair, Inc. (Arden-Mayfair) and Arden-Mayfair's wholly-owned subsidiary, Gelson's Markets (Gelson's), which operates supermarkets in Southern California. The Company also owns certain real estate properties through a subsidiary, Mayfair Realty, Inc. (Mayfair Realty; which is wholly-owned by the Company and Arden-Mayfair.me Company is a Delaware Corporation organized in 1988." 10-K

Source: ARDEN GROUP, INC. AND CONSOLIDATED SUBSIDIARIES, 2010 10-K

Required

a. Prepare the statement of cash flows with a total column for the three-year period. (Do not include reconciliation of net income to net cash provided by operating activities).

b. Comment on significant cash flow items in the statement prepared in (a).

c. Prepare the statement of cash flows for the 52 weeks ended January 1, 2011, with inflows separated from outflows. Present the data in dollars and percentages. Do not include reconciliation of net income to net cash provided by operating activities.

d. Comment on significant cash flow items on the statement prepared in (c).

Reference no: EM131113232

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