Problem 1 (Textbook Reference: P11-4) - Analyze statement of cash flows
Required:
a. Which method did the company use in arriving at net cash flows from operating activities?
b. Did current assets other than cash increase or decrease during the year ended February 29, 2012?
c. Did current liabilities increase or decrease during that year ended February 29, 2012?
d. What were the main investing activities during this three-year period?
e. What was the main source of cash from financing activities during the three-year period?
f. Did the company pay any interest expense during the year ended February 19, 2012?
g. Given the following data, calculate the cash flow per share of common stock ratio, the cash flow margin ratio, and the cash flow liquidity ratio. How do these ratios compare with the ratios shown for other companies in the chapter?
a. Cash flow per share of common stock ratio:
b. Cash flow margin ratio:
c. Cash flow liquidity ratio:
Problem 2 (Textbook reference P11-5) - Prepare a statement of cash flows under the indirect method
The following comparative balance sheets and other data are for Dayton Tent & Awning Sales, Inc.:
Required: Prepare a statement of cash flows under the indirect method and any supplement schedules.
Attachment:- Assignment Files.rar