Question - Bits Ltd and Pieces Ltd Comparative Cash Flows Statements for the year ended 30 June 2010
Bits Ltd. Pieces Ltd
Cash Flows from Operating Activities $ 77,100 $ (81,600)
Cash Flows from Investing Activities (441,000) (150,750)
Cash Flows from Financing Activities 217,500 82,500
Net increase (decrease) in cash held (146,400) (149,850)
Cash at Beginning 183,900 185,000
Cash at End $37,500 $35,150
What does this comparison say about the relative cash flow performance of these entities?
Why are we concerned about Pieces?