What were cash from operations

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Reference no: EM131334428

Cash $50,000

Short term investments $150,000

Accounts Receivable $250,000

Inventories $500,000

Net PP&E $2,000,000

Other Long Term Assets $300,000

Accounts Payable $300,000

Notes Payable $100,000

Accruals $100,000

Long-term Debt $500,000

Please answer the following questions to determine the missing pieces of this balance sheet:

• Kenny’s Total Current Assets?

• Kenny’s Total Assets?

• Kenny’s Total Current Liabilities?

• Kenny’s Total Liabilities?

• Kenny’s Shareholder’s (Common) Equity?

Use the following Cash Flow Statement for Stanley’s Store for questions 29-32:

Net Income $200

Depreciation Expense $200

Increase in accounts receivable $100

Increase in inventories $200

Increase in accounts payable $50

Increase in accruals $50

Capital Spending (or cash used to buy fixed assets) of $500

Sale of short-term investments $50

Increase in debt $300

Dividends Paid $100

Based on this information, answer the following questions:

• What were cash from operations?

• How much cash was (used) or generated from investing activities?

• How much cash was (used) or generated from financing activities?

• What was the net change in cash for Stanley’s Store?

Reference no: EM131334428

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