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The following information is available for Toker Company:
Dec 31, 2014
Dec 31, 2013
Cash
$140,000
$ 97,000
Retained earnings
665,000
542,000
Cash from operating activities
?
Cash from investing activities
(481,000)
Cash from financing activities
(285,000)
Dividends declared and paid
47,000
Net income
1-1. What is net income?
1-2. What is cash from operating activities?
1-3. What is the most stage of the business life cycle is this company in, and why?
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