This assignment covers constructing and analyzing statement of cash flows.
Demonstration (showing the work) and Resultant Answer.
CHAPTER 2: #28 parts a,c, and c only
Statement of cash flows
28. Refer to the following financial statements for Crosby Corporation attached below.
a. Prepare a statement of cash flows for the Crosby Corporation using the general procedures indicated in Table 2-10.
b. Describe the general relationship between net income and net cash flows from operating activities for the firm.
c. Has the buildup in plant and equipment been financed in a satisfactory manner? Briefly discuss.
Block, S., Hirt, G., & Danielsen, B. (2013). Foundations of financial management (16th Ed). Retrieved from http://online.vitalsource.com