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| Teaching Since: | May 2017 |
| Last Sign in: | 408 Weeks Ago |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
CASH FLOW—THE DIRECT METHOD
|
ARDEN GROUP, INC., AND CONSOLIDATED SUBSIDIARIES* |
|||
| Â |
Fifty-Three |
Fifty-Two |
Fifty-Two |
|
(In  thousands) |
 |  |  |
|
Cash  flows from operating activities: |
 |  |  |
|
Cash  received from customers |
$479,578 |
$485,819 |
$482,645 |
|
Cash  paid to suppliers and employees |
437,970 |
438,044 |
440,735 |
|
Interest  and dividends received |
2,513 |
3,186 |
2,580 |
|
Interest  paid |
109 |
99 |
125 |
|
Income  taxes paid |
15,545 |
20,660 |
17,645 |
|
Net cash  provided by operating activities |
28,467 |
30,202 |
26,720 |
|
Cash  flows from investing activities: |
 |  |  |
|
Capital  expenditures |
5,159 |
3,824 |
4,868 |
|
Purchases  of investments |
25,130 |
945 |
827 |
|
Sales of  investments |
35,556 |
2 |
2,751 |
|
Proceeds  from the sale of property, plant and equipment |
21 |
28 |
215 |
|
Net cash  provided by (used) in investing activities |
5,288 |
4,739 |
2,279 |
|
Cash  flows from financing activities: |
 |  |  |
|
Purchase  and retirement of Company stock |
0 |
0 |
19,999 |
|
Principal  payments under capital lease obligations |
0 |
225 |
221 |
|
Cash  dividends paid |
82,188 |
3,161 |
3,267 |
|
Net cash  used in financing activities |
82,188 |
3,386 |
23,487 |
|
Net  increase (decrease) in cash and cash equivalents |
48,433 |
22,077 |
504 |
|
Cash and  cash equivalents at beginning of year |
58,919 |
36,842 |
36,338 |
|
Cash and  cash equivalents at end of year |
$10,486 |
$58,919 |
$36,842 |
Required
a. Prepare the statement of cash flows, with a total column for the three-year period. (Do not include reconciliation).
b. Comment on significant cash flow items in the statement prepared in (a).
c. Prepare the statement of cash flows for 2009, with inflows separated from outflows. Present the data in dollars and percentages. Do not include reconciliation of net income to net cash provided by operating activities.
d. Comment on significant cash flow items on the statement prepared in (c).
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