User Account

All Pages

Prepare the statement of cash flows with a total column

Assignment Help Financial Accounting
Reference no: EM131113232

CASE 10-2 CASH FLOW -- THE DIRECT METHOD

ARDEN GROUP, INC. AND CONSOLIDATED SUBSIDIARIES*
CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

Fifty-Two Weeks Ended January 1, 2011

Fifty-Two Weeks Ended January 2, 2010

Fifty-Three Weeks Ended January 3, 2009

Cash flows from operating activities:

 

 

Cash received from customers

$417,580

$431,108

$479,578

Cash paid to suppliers and employees

384,624

391,957

437,970

Interest and dividends received

1,580

565

2,513

Interest paid

94

87

109

Income taxes paid

11,354

13,895

15,545

Net cash provided by operating activities

23,088

25,734

28,467

Cash flows from investing activities:

 

 

Capital expenditures

2,597

2,890

5,159

Purchases of investments

29,861

30,164

25,130

Saks of investments

51,926

13,127

35,556

Proceeds from the sale of property, plant and equipment

16

48

21

Net cash provided by (used) in investing activities

19,484

19,879

5,288

Cash flows from financing activities:

 

 

Cash dividends paid

3,161

3,161

82,188

Net cash used in financing activities

3,161

3,161

82,188

Net increase (decrease) in cash and cash equivalents

39,411

2,694

48,433

Cash and cash equivalents at beginning of year

13,180

10,486

58,919

Cash and cash equivalents at end of year

$52,591

$13,180

$10,486

Reconciliation of Net Income to Net Cash Provided by Operating Activities:

Net income

$18,085

$21,624

$24,667

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

5,307

5,599

6,110

Provision for losses on accounts receivable

44

94

169

Deferred income taxes

1,129

108

1,923

Net loss from the disposal of property, plant and equipment

8

54

89

Realized loss on investments, net

66

0

907

Amortization of premium on investments

960

472

259

Stock appreciation rights compensation experiance(income)

394

273

1,823

Changes in assets and liabilities net of effect from noncash investing and financing activities:

(Increase) decrease in assets:

Accounts and notes receivable

799

246

527

Inventories

1,302

972

3,712

Other current assets

95

204

281

Other assets

27

16

69

Increase (decrease) in liabilities:

9,148

Accounts payable, trade and other current liabilities:

1,090

2,402

Federal and state income taxes payable

237

668

-608

Deferred rent

61

99

154

Other liabilities

348

1,255

1,767

Net cash provided by operating activities

$23,088

$25,734

$28,467

"The Registrant, Arden Group, Inc. ;company or Arden), is a holding company which conducts operations through its wholly-owned subsidiary, Arden-Mayfair, Inc. (Arden-Mayfair) and Arden-Mayfair's wholly-owned subsidiary, Gelson's Markets (Gelson's), which operates supermarkets in Southern California. The Company also owns certain real estate properties through a subsidiary, Mayfair Realty, Inc. (Mayfair Realty; which is wholly-owned by the Company and Arden-Mayfair.me Company is a Delaware Corporation organized in 1988." 10-K

Source: ARDEN GROUP, INC. AND CONSOLIDATED SUBSIDIARIES, 2010 10-K

Required

a. Prepare the statement of cash flows with a total column for the three-year period. (Do not include reconciliation of net income to net cash provided by operating activities).

b. Comment on significant cash flow items in the statement prepared in (a).

c. Prepare the statement of cash flows for the 52 weeks ended January 1, 2011, with inflows separated from outflows. Present the data in dollars and percentages. Do not include reconciliation of net income to net cash provided by operating activities.

d. Comment on significant cash flow items on the statement prepared in (c).

Reference no: EM131113232

Questions Cloud

Determine the induced voltage at full load : A 100-kW, 250-V shunt generator has an armature-circuit resistance of 0.05 Ω and a field circuit resistance of 60 Ω. With the generator operating at rated voltage,
The company has two certificates of deposit : Determining Cash Balance The controller for Weinstein Co. is attempting to determine the amount of cash and cash equivalents to be reported on its December 31, 2010, balance sheet. The following information is provided.
What impact will it have on the dollar and the world economy : Assess the possibility for the euro to become another global currency rivaling the U.S. dollar. If the euro really becomes a global currency, what impact will it have on the U.S. dollar and the world economy?
Determine the motor current and speed : Determine the motor current and speed when the diverter-circuit resistance is made equal to the series-field resistance. Neglect saturation and the voltage drops across the series- field resistance as well as the armature resistance.
Prepare the statement of cash flows with a total column : Prepare the statement of cash flows with a total column for the three-year period. (Do not include reconciliation of net income to net cash provided by operating activities).
Difficulties for a country to maintain a fixed exchange rate : Once capital markets are integrated, it is difficult for a country to maintain a fixed exchange rate. Explain why this may be so.
What is difference between linkedlist and arraylist in java : What is the difference between LinkedList and ArrayList in Java
Find the induced armature voltage at rated load : A 50-kW, 230-V compound generator has the following data: armature-circuit resistance 0.05 Ω, series-field circuit resistance 0.05 Ω, and shunt- field circuit resistance 125Ω.
Defeating physical security controls to bypass access : You might be wondering if physical security is really important in this digital age. After all, you have been studying how to protect IT assets via a keyboard, not by wearing a security officer's uniform and guarding the server room's door. Should..

Reviews

Write a Review

Financial Accounting Questions & Answers

  I need assistance with a thesis statement for my paper i

i need assistance with a thesis statement for my paper. i have to prepare a financial statement analysis of a public

  Computation of cash provided by operating activities

The computation of cash provided by operating activities requires analysis of the noncash current asset and current liability accounts. Using T accounts, determine the missing amounts for each of the following independent cases:

  Comprehensive problem mrarvind has good amount of savings

mr.arvind has good amount of savings he wanted to start a business which can give him a good margin of profit. he

  Evaluate each method in terms of its effect on cash flows

Evaluate each method in terms of its effect on cash flows, fixed asset turnover, and earnings per share. Assuming that the company is most interested in maintaining a high EPS during year

  A us multinational is contemplating a production facility

a us multinational is contemplating a production facility in the uk. the production will be sold locally in the uk.

  Question on fundamentals of accounting

Multiple choice question on fundamentals of accounting - internal control principles and What is the amount of the bad debt adjusting entry

  Under what condition should this activity be recorded

A city constructs curbing in a new neighborhood and finances it as a special assessment. Under what condition should this activity be recorded in the Agency Fund?

  What are the liabilities for the period

At the end of the current accounting period, account balances were as follows: Cash $150,000, Accounts Receivable $50,000; Common Stock $10,000; Retained Earnings $60,000. Liabilities for the period were what?

  Both companies use a perpetual inventory system

On June 10, Purcey Company purchased $6,000 of merchandise from Guyer Company, terms 3/10, n/30. Purcey pays the freight costs of $430 on June 11. Goods totaling $700 are returned to Guyer for credit on June 12. On June 19, Purcey Company pays Guyer ..

  Illustrate what is karlin total interest expense for year

What amount of cash is paid to bondholders for interest during year 2? Illustrate what is Karlin’s total interest expense for year 2 related to this bond issue?

  Expanding and expects operating cash flows

Bruno's Lunch Counter is expanding and expects operating cash flows of $26,000 a year for 4 years as a result. This expansion requires $39,000 in new fixed assets. These assets will be worthless at the end of the project. In addition, the project req..

  Role of international accounting

The role of international accounting toward promotion of generally accepted accounting principle

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd