Assume the following income statement and balance sheet information:
|
2017 Dr. (Cr.) |
2016 Dr. (Cr.) |
|
|
Cash |
$1,250 |
$1,600 |
|
Short-term investments |
100 |
200 |
|
Borrowings |
(600) |
(1,000) |
|
Common shares |
(200) |
(300) |
|
Retained earnings |
(550) |
(500) |
Other information: All dividends were paid in cash. The short-term investments will be converted to cash in 60 days. No gain or loss occurred when common shares were repurchased.
Required:
- Calculate cash flow from operating activities.
- Calculate the amount of dividends paid during the year.
- Calculate cash flow used by financing activities.
- 3395 reads
