# Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section...

###### Question:

Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. Its balance sheet for this year is as follows:

 Ending Balance Beginning Balance Cash $72,600$ 86,850 Accounts receivable 59,300 63,800 Inventory 79,600 72,500 Total current assets 211,500 223,150 Property, plant, and equipment 213,000 203,000 Less accumulated depreciation 71,000 50,750 Net property, plant, and equipment 142,000 152,250 Total assets $353,500$ 375,400 Accounts payable $46,400$ 82,500 Income taxes payable 36,100 45,400 Bonds payable 87,000 72,500 Common stock 101,500 87,000 Retained earnings 82,500 88,000 Total liabilities and stockholders’ equity $353,500$ 375,400

During the year, Ravenna paid a $8,700 cash dividend and it sold a piece of equipment for$4,350 that had originally cost $9,600 and had accumulated depreciation of$6,400. The company did not retire any bonds or repurchase any of its own common stock during the year.

Foundational 14-13

13. What is the company’s net cash provided by (used in) investing activities?

15. What is the company’s net cash provided by (used in) financing activities?

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