how to calculate net cash flow provided by operating activities
Question
Lueckenhoff Corporation's most recent balance sheet appears below:
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Lueckenhoff Corporation |
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Ending |
Beginning |
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Assets: |
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Cash and cash equivalents |
$ 22 |
$ 19 |
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Accounts receivable |
33 |
30 |
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Inventory |
62 |
54 |
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Property, plant and equipment |
570 |
502 |
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Less: accumulated depreciation |
267 |
228 |
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Total assets |
$420 |
$377 |
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Liabilities and stockholders' equity: |
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Accounts payable |
$ 19 |
$ 12 |
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Bonds payable |
273 |
347 |
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Common stock |
50 |
42 |
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Retained earnings |
78 |
(24) |
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Total liabilities and stockholders' equity |
$420 |
$377 |
The company's net income for the year was $133 and it did not sell or retire any property, plant, and equipment during the year. Cash dividends were $31. The net
cash provided by (used in) operating activities for the year was:
a. $98
b. $35
c. $193
d. $168