Financial statements of Ansbro Corporation follow: $546 $535 $546 $535 509 211 5

Question

Financial statements of Ansbro Corporation follow:

$546

$535

$546

$535

509

211

50

$115

Comparative Balance Sheet Ending
Balance Beginning
Balance Assets: Cash and cash equivalents $81 $61 Accounts receivable 130 104 Inventory 74 54 Property, plant and equipment 668 630 Less accumulated depreciation 407

314

Total assets

$546

$535

Liabilities and stockholder's equity: Accounts payable $81 $109 Bonds payable 236 242 Common stock 124 121 Retained earnings 105

63

Total liabilities and stockholder's equity

$546

$535

Explanation / Answer

Operating Income 115 Depr Expense 93 -Increase in AR 26 -Increase in Inventory 20 -Decrease in AP 28 Net Cash Flow from Operating Activties 134

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