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STATEMENT OF CASH FLOWS Hampton Industries had $39,000 in cash at year-end 2017 and $11,000 in cash at year-end 2018. The firm invested in property, plant, and equipment totaling $210,000. Cash flow from financing activities totaled +$120,000. a. What was the cash flow from operating activities? b. If accruals increased by $15,000, receivables and inventories increased by $50,000, and depreciation and amortization totaled $25,000, what was the firm's net income?

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Fundamentals of Financial Manageme...

15th Edition
Eugene F. Brigham + 1 other
Publisher: Cengage Learning
ISBN: 9781337395250
BuyFind

Fundamentals of Financial Manageme...

15th Edition
Eugene F. Brigham + 1 other
Publisher: Cengage Learning
ISBN: 9781337395250

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Chapter
Section
Chapter 3, Problem 12P
Textbook Problem

STATEMENT OF CASH FLOWS Hampton Industries had $39,000 in cash at year-end 2017 and $11,000 in cash at year-end 2018. The firm invested in property, plant, and equipment totaling $210,000. Cash flow from financing activities totaled +$120,000.

  1. a. What was the cash flow from operating activities?
  2. b. If accruals increased by $15,000, receivables and inventories increased by $50,000, and depreciation and amortization totaled $25,000, what was the firm's net income?

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Chapter 3 Solutions

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