Precision Tool 2009 Income Statement ($ in thousands) Net sales $5,750 Less: Cos

Question

Precision Tool
2009 Income Statement
($ in thousands)
Net sales $5,750
Less: Cost of goods sold 4,080
Less: Depreciation 410
Earnings before interest and taxes 1,260
Less: Interest paid 29
Taxable Income 1,231
Less: Taxes 431
Net income $ 800

Precision Tool
2008 and 2009 Balance Sheets
($ in thousands)
2008 2009 2008 2009
Cash $ 65 $ 170 Accounts payable $1,330 $1,250
Accounts rec. 970 830 Long-term debt 730 530
Inventory 1,470 1,980 Common stock $3,095 $3,240
Total $2,505 $2,980 Retained earnings 930 1,230
Net fixed assets 3,580 3,270
Total assets $6,085 $6,250 Total liab. & equity $6,085 $6,250

What is the net cash flow from investment activity for 2009?

Explanation / Answer

There were no investment activities in 2008 and 2009 So the net cash flow from investment activities is zero. Please rate my answer :) thanks in advance!

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