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Below is the balance sheet for Northern Comfort Company for December 31 of 2020 and...

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Accounting

Below is the balance sheet for Northern Comfort Company for December 31 of 2020 and 2021.

2020 2021 2020 2021
Cash 950 1,000 Accounts payable 2,850 3,000
Accounts receivable 2,850 3,000 Current liabilities 2,850 3,000
Inventory 2,850 3,000 Long-term debt 5,700 6,000
Current assets 6,650 7,000 Total liabilities 8,550 9,000
Net fixed assets 12,350 13,000 Equity 10,450 11,000
Total assets

19,000

 20,000 Total liab. & equity 19,000 20,000

The income statement for 2021 is also given:

Amount
Sales 48,000
Cost 26,400
Depreciation 4,800
EBIT 16,800
Interest 4,800
Taxes 3,000
Net income 9,000

The company paid $8,450 in dividends to shareholders at the end of the year. The company has not made any investments in other companies.

Attempt 2/3 for 8 pts.

Part 1

What was the cash flow from operating activities?

Attempt 1/3 for 10 pts.

Part 2

What was the cash flow from long-term investing activities?

Submit

Attempt 1/3 for 10 pts.

Part 3

What was the cash flow from financing activities?

Submit

Attempt 1/3 for 10 pts.

Part 4

What was the net cash flow for the year?

Submit

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