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The following data come from the financial statements of The Fun in the Sun Company for the year ended May 31, 2013 (in millions).
Data Table:
Purchase of property, plant and equipment......................................................................$3,510Net Income....................................................................................................................... 3,050Adjustments to reconcile net income to net cash provided by operating activities....2,350Revenues..........................................................................................................................59,100Cash beginning of the year $270, end of year................................................................. 1,930Cost of goods sold...........................................................................................................37,550Other investing cash payments........................................................................................ $185Account receivable..........................................................................................................850Payment of dividends.....................................................................................................290Common stock................................................................................................................4,800Issuance of common stock.............................................................................................195Sales of property, plant and equipment..........................................................................50Retained earnings...........................................................................................................12,950
Prepare a cash flow statement for the year ended May 31, 2013.
What activities provided the largest source of cash? Is this a sign of financial strength or weakness?
Linear programming is a mathematical technique used to determine the optimal solutions to certain specific problems.
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