Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

Exercise 13

Auto Supply Company's 2015 statement of cash flows appears in Exhibit 13-8.tudy the statement and respond to the following questions:
a.hat was the company's free cash flow in 2015
b.hat were the major sources and uses of cash from financing activities during 2015 Did the net effect of financing activities result in an increase or a decrease in cash during the year
c.hat happened to the total amount of cash and cash equivalents during the year Assuming 2015 was a typical year, is the firm in a position to continue its dividend payments in the future Explain.
d.ook at the reconciliation of net income to net cash provided by operating activities, and explain the following:
1.et loss (gain) from the sale of marketable securities.
2.ncrease in accounts receivable.