Business
Business, 03.03.2020 00:56, anthonysutton82

The table below contains data on Fincorp inc. The balance sheet items correspond to the values at year-end of 2013 and 2014, while the income statement items correspond to revenues or expenses during the year ending in either 2013 or 2014. All values are in thousands of dollars.

2013 2014
Revenue $4,700 $4,800
Cost of goods sold 1,950 2,050
Depreciation 570 590
Inventories 335 420
Administrative expenses 570 620
Interest expense 220 220
Federal and state taxes* 470 490
Accounts payable 335 420
Accounts receivable 442 520
Net fixed assets^ 5,700 6,570
Long-term debt 2,700 3,100
Notes payable 1,035 670
Dividends paid 550 550
Cash and marketable securities 870 370

* Taxes are paid in their entirety in the year that the tax obligation is incurred.
^Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed
Construct a statement of cash flows for Fincorp for 2014.

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Answers: 2

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