Ag/ionmResponse pli=1Consider the following statement of cash flows for Chicken Fil-A company.(in thousands)Cash flows from operating activities (CFO):20202019Net income$8,100$6,800Adjustments to reconcile net income to CFODepreciation and amortization3,100900(600)1,600Deferred income taxes700Other non-cash items(700)(Increase) decrease in operating assets and liabilities:Accounts receivableInventoriesOther current assetsAccounts payabieIncome taxes payable(7,800)(2,100)(900)1.300)(2,300)1,7002,0004.100(800)70013.800400Accrued liabilities1,7001500Net CFOCash flows from investing activities:Purchases of property and equipmentNet cash used by investing activitiesCash flows from financing activities:Proceeds from common stock salesProceeds (repayments) of short-term debtRepayment of long-term debtNet cash provided by financing activities(800)(800)(1200)(1.200)47004.600(1,100)13.30020046002005.30012.80030 600 17.800%2435.900 $30.600Net increase in cashBeginning cash balanceEnding cash balance sSzvcHy9vKmOjUnAg/formResponse?pli=12. Using the summary of the analysis approach, what is the total cash outflowsfor 2019? *O A) $6,300O B) $1,000O C) $18,400O D) $5,600O E) None of the above3. While analyzing the cash flow statement of Chicken Fil-A company for the year

Cash flows mean cash inflows and cash outflows of the business. Cash inflows mean incoming of cash…

Answered: 2. Using the summary of the analysis…

2. Using the summary of the analysis approach, what is the total cash outflows for 2019? * O A) $6,300 O B) $1,000 O C) $18,400 O D) $5,600 E) None of the above

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 55PSA

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