Cash $50,000
Short term investments $150,000
Accounts Receivable $250,000
Inventories $500,000
Net PP&E $2,000,000
Other Long Term Assets $300,000
Accounts Payable $300,000
Notes Payable $100,000
Accruals $100,000
Long-term Debt $500,000
Please answer the following questions to determine the missing pieces of this balance sheet:
• Kenny’s Total Current Assets?
• Kenny’s Total Assets?
• Kenny’s Total Current Liabilities?
• Kenny’s Total Liabilities?
• Kenny’s Shareholder’s (Common) Equity?
Use the following Cash Flow Statement for Stanley’s Store for questions 29-32:
Net Income $200
Depreciation Expense $200
Increase in accounts receivable $100
Increase in inventories $200
Increase in accounts payable $50
Increase in accruals $50
Capital Spending (or cash used to buy fixed assets) of $500
Sale of short-term investments $50
Increase in debt $300
Dividends Paid $100
Based on this information, answer the following questions:
• What were cash from operations?
• How much cash was (used) or generated from investing activities?
• How much cash was (used) or generated from financing activities?
• What was the net change in cash for Stanley’s Store?