Problem:
A firm reports the following key financial figures for the last fiscal year:
|
|
|
Net Income
|
$800,000.00
|
|
Depreciation
|
$100,000.00
|
|
Dividends (cash)
|
$125,000.00
|
|
|
|
Accounts Receivable
|
$350,000.00
|
$325,000.00
|
|
Inventory
|
$350,000.00
|
$325,000.00
|
|
Accounts Payable
|
$350,000.00
|
$325,000.00
|
|
Gross Plant, Property, and Equipment
|
$1,500,000.00
|
$1,250,000.00
|
|
Notes Payable
|
$100,000.00
|
$100,000.00
|
|
Long Term Debt
|
$2,000,000.00
|
$1,800,000.00
|
|
# of shares outstanding
|
500,000.00
|
500,000.00
|
Required:
Question: What is the net increase in cash and marketable securities for 2014? (Refer to the Statement of Cash Flows)