Calculate the net cash flows from operating activities

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Reference no: EM132081270

Question - The following information relates to Royale Enterprises for the year ended December 31, 20x5

Net Income

$300,000

Depreciation Expense

72,000

Amortization of Intangible Assets

9,000

Beginning Accounts Receivable

336,000

Ending Accounts Receivable

351,000

Beginning Inventory

413,000

Ending Inventory

450,000

Beginning Prepaid Expenses

34,000

Ending Prepaid Expenses

38,000

Beginning Accounts Payable

95,000

Ending Accounts Payable

116,000

Purchase of Long-Term Assets for Cash

493,000

Cash from Issuance of Long-Term Debt

160,000

Issuance of Stock for Cash

128,000

Issuance of Stock for Long-Term Assets

88,000

Purchase of Treasury Stock

51,000

Sale of Long-Term Investment at Cost

31,000

a. Calculate the net cash flows from operating activities. Show your work.

b. Calculate the net cash flows from investing activities. Show your work.

c. Calculate the net cash flows from financing activities. Show your work.

d. Calculate the net change in cash. Show your work.

Reference no: EM132081270

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