Question 1 : Through your analysis of the company's financial statements you have determined that during 2017 DRJ Enterprises issued new short-term debt of $321 million and repaid $905 million of long-term debt. It also issued new common stock of $690 million and paid cash dividends of $180 million. What was the company's total cash flow from financing activities? If a net cash outflow, be certain to place a negative sign in front of your answer.
Question 2 : Selected financial data (in $ millions) are presented for ABC Company:
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December 31
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2017
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2016
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Current portion of long-term debt
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$297
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$277
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Long-term debt
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$3,965
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$3,818
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What was the company's total cash flow from financing activities? If a net cash outflow, be certain to place a negative sign in front of your answer.
Question 3 : At the end of 2017 ABC Company reported net fixed assets of $62,359 after having reported net fixed assets of $41,486 at the end of 2016. During the year the company sold fixed assets with a net book value of $2,619 for $2,986. ABC also charged $7,511 in depreciation expenses against its earnings. How much did ABC spend to acquire fixed assets during 2017? Assume that all new fixed assets were acquired for cash. Note that although your answer will represent a cash outflow for purchasing new fixed assets, you should present your result as a positive value.
Question 4 : At the beginning of the year Big Lots reported retained earnings of $2,012 million and by the end of the year it was $2,251 million. The company also reported net income for the year of $484 million. How much (in $ millions) did the company pay out in cash dividends during the year? Note that even though your answer will represent a cash outflow for the payment of dividends, you should present your result as a positive value.
Question 5 : Selected data (in $ millions) from the equity portion of ABC Company's balance sheet are presented:
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December 31
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2017
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2016
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Common stock
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$188
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$97
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Additional paid-in-capital
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$607
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$277
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Retained earnings
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$7,564
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$7,252
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How much cash did the company receive from issuing additional common stock?
Question 6 : At the beginning of the year Big Lots reported cash of $16 million and by the end of the year it was $10 million. The company's statement of cash flows reported cash from operating activities of $58 million and cash from investing activities of $-87 million. What amount (in $ millions) did the company report for cash from financing activities? Be certain to include a negative sign in front of your answer if it was a cash outflow. 10 points
Question 7 : At the beginning of the year Big Lots reported cash of $34 million and by the end of the year it was $25 million. The company's statement of cash flows reported cash from operating activities of $177 million and cash from financing activities of $3 million. What amount (in $ millions) did the company report for cash from investing activities? Be certain to include a negative sign in front of your answer if it was a cash outflow. 10 points
Question 8 : Through your analysis of the company's financial statements you have determined that during 2017 DRJ Enterprises disposed of (i.e., sold) fixed assets for $484 million. It also purchased new fixed assets for $2,797 million. Furthermore, the balance sheet showed that its total investment in marketable securities was $211 million at the beginning of the year and $327 million at the end of the year. What was the company's total cash flow from investment activities? If a net cash outflow, be certain to place a negative sign in front of your answer. 10 points
Question 9 : At the beginning of the year Big Lots reported total marketable securities of $117 million and at the end of the year it was $129 million. How much (in $ millions) did the company's investment activities in marketable securities provide (cash inflow) or use (cash outflow) cash during the year. If a cash outflow, be certain to place a negative sign in front of your answer. 10 points
Question 10 : KRJ Company's statement of cash flows reported cash from operating activities of $644 million, cash flow from investing activities of $-6 million, and cash from financing activities of $-3 million. What was the change in cash (in $ millions) reported by the company? Be certain to include a negative sign in front of your answer if the company reported a reduction in cash.