Calculating the net cash provided by operating activities.


Ques. 1

Analysts following the Tomkovick Golf Company were given the following information for the years ended December 31st, 2014 and December 31st 2013:
Assets                                                                                      2014                                           2013
       
Cash and marketable securities                                              $33,411                                      $16,566
Accounts receivable                                                                 260,205                                      318,768
Inventory                                                                                 423,819                                      352,740
Other current assets                                                                41,251                                        29,912
Total current assets                                                                  $ 758,686                                  $ 717,986
Plant and equipment                                                                 1,931,719                                  1,609,898
Less: Accumulated depreciation                                                 (419,044)                                  (206,678)
Net plant and equipment                                                            $1,512,675                               $1,403,220
Goodwill and other assets Total assets
Liabilities and Stockholders' Equity                                            382,145                                    412,565
                                                                                                  $2 653 506                               $2 533 771       
                                                                                                     2014                                              2013
Accounts payable and accruals                                                  $ 378,236                                  $ 332,004
Notes payable                                                                               14,487                                    7,862
Accrued income taxes                                                               21,125                                          16,815
Total current liabilities                                                             $ 413,848                                         $ 356,681
Long-term debt                                                                         679,981                                               793,515
Total liabilities                                                                            $1,093,829                                        $1,150,196
Preferred stock       
Common stock (10,000 shares)                                                10,000                                                    10,000
Additional paid-in capital                                                       975,465                                                  975,465
Retained earnings                                                               587,546                                                    398,110
Less: Treasury stock                                                                 (13,334)   
Total common equity                                                           $1,559,677                                                $1,383,575
Total liabilities and stockholders' equity                                $2,653,506                                              $2,533,771

in addition, it was reported that the company had a net income of $ 3,155,848 and that depreciation expenses were equal to $212,366 during 2014.
a.    Construct a 2014 cash flow statement for this firm.
b.    Calculate the net cash provided by operating activities.
c.    What is the net cash used in investing activities?
d.    Compute the net cash provided by financing activities.

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Corporate Finance: Calculating the net cash provided by operating activities.
Reference No:- TGS02096718

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