Reference no: EM133138439
Question - AOS Industries Statement of Cash Flows for 2008
Operating activities
Net Income 3.2
Depreciation and amortization 1.4
Cash effect of changes in
Accounts receivable -1.9
Accounts payable 1.0
Inventory -0.6
Cash from operating activities 3.1
Investment activities
Capital expenditures -2.2
Acquisitions and other investing activity -0.4
Cash from investing activities -2.6
Financing activities
Dividends paid -1.0
Sale or purchase of stock 2.1
Increase in short-term borrowing 1.4
Increase in long-term borrowing 3.2
Cash from financing activities 5.7
Change in Cash and Cash Equivalents 6.2
Required - What is the value of retained earnings? What is the payout ratio? What is the retention ratio?