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In what way is free cash flow different from net cash flows as shown on a cash flow statement?
54) Given the following information for Cat Castle Incorporated prepare their statement of cash flows for December 31, 2011.
December 31, 2011.
2011*2010*
Cash375250
Accounts receivable8575
Interest receivable56
Inventory8095
Prepaid Expenses4810
Long Term - Note
receivable90125
Property, plant and
Equipment325330
(net of depreciation)
Accounts payable3320
Accrued liabilities4556
Common Shares825755
Retained Earnings10560
Net income50
Depreciation expense2
Gain on sale of property1.5
* in 000s
55) Given the following information for Rat Rack Incorporated prepare their statement of cash flows for December 31, 2011.
2011*2010*
Cash550365
Accounts receivable7585
Inventory3562
Prepaid Expenses225
Long Term - Note
receivable112300
Property, plant and
Equipment430460
(net of depreciation)
Accounts payable1340
Accrued liabilities1283
Common Shares934914
Retained Earnings265240
Net income50
Depreciation expense30
Dec 10 2019 View more View Less
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