In: Finance
STATEMENT OF CASH FLOWS W.C. Cycling had $55,000 in
cash at year-end 2014 and $25,000 in cash at year-end 2015. The
firm invested in property, plant, and equipment totaling $250,000.
Cash flow from financing activities totaled
$170,000.
a. What was the cash flow from operating
activities?
b. If accruals increased by $25,000, receivables and
inventories increased by $100,000,
and depreciation and amortization totaled $10,000, what was the
firm’s net income?