Reference no: EM132708881

Soo Kwang Co. provided the following data for the preparation of cash flows for the current year:

Cash balance, beginning 1,500,000

Cash paid to purchase inventory 7,800,000

Cash received from sale of trading securities 2,500,000

Cash paid for interest in bank loan 450,000

Cash paid to repay principal amount of bank loan 1,000,000

Cash collected from customers 10,000,000

Cash received from issuance of ordinary shares 1,200,000

Cash paid for dividends 2,000,000

Cash paid for income taxes 1,350,000

Cash paid to purchase trading securities 1,000,000

Problem 1. What is the net cash provided by operating activities?

a. 1,900,000

b. 2,900,000

c. 2,350,000

d. 400,000

Problem 2. What is the net cash used in financing activities?

a. 3,000,000

b. 2,000,000

c. 1,800,000

d. 4,200,000

Problem 3. What is the cash balance at year end?

a. 3,400,000

b. 1,600,000

c. 1,400,000

d. 2,400,000