Solution-What was the net cash provided by investing

What was the net cash provided by investing activities

Reference no: EM131785570

Assignment

Financial statements of Ansbro Corporation follow:

Ansbro Corporation Comparative Balance Sheet
	Ending Balance	Beginning Balance
Assets:
Cash and cash equivalents	$30	$27
Accounts receivable	90	78
Inventory	46	37
Property, plant and equipment	618	540
Less: accumulated depreciation	344	305
Total assets	$440	$377
Liabilities and stockholders' equity:
Accounts payable	$47	$64
Bonds payable	125	170
Common stock	89	78
Retained earnings	179	65
Total liabilities and stockholders' equity	$440	$377

Income Statement
Sales	$735
Cost of goods sold	402
Gross margin	333
Selling and administrative expenses	131
Net operating income	202
Income taxes	72
Net income	$130

Cash dividends were $16. The company did not dispose of any property, plant, and equipment. It did not issue any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows.

What was the net cash provided by (used in) investing activities for the year.

Reference no: EM131785570

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What was the net cash provided by investing activities

Reference no: EM131785570

Reference no: EM131785570

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