Below are approximate amounts related to cash flow information reported by five companies in previous years. Rectangle reports operating cash flows of $3.42 billion, investing cash flows of $0.42 billion, and financing cash flows of −$3.84 billion.Circle reports operating cash flows of $1.22 billion, investing cash flows of −$0.12 billion, and financing cash flows of −$1.04 billion. The beginning cash amount is $0.52 billion.Pentagon reports operating cash flows of $0.08 billion, investing cash flows of $0.45 billion, and a change in total cash of $0.05 billion.Square reports operating cash flows of $0.42 billion, financing cash flows of $0.24 billion, and a change in total cash of $0.01 billion.Hexagon reports investing cash flows of −$1.06 billion, financing cash flows of $0.85 billion, and a change in total cash of $0.01 billion.(Net cash outflows should be indicated with a minus sign. Enter your answers in billions rounded to 2 decimal places.) Required:What is the amount of the change in total cash of Rectangle?What is the ending cash amount of Circle?What is the amount of cash flows from financing activities of Pentagon?What is the amount of cash flows from investing activities of Square?What is the amount of cash flows from operating activities of Hexagon? 1. Change in total cashbillion2. Ending cash amountbillion3. Amount of outflowsbillion4. Amount of outflowsbillion5. Amount of inflowsbillion

Answered: Below are approximate amounts related…

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter12: Capital Investment Decisions

Section: Chapter Questions

Problem 11MCQ

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Question

Below are approximate amounts related to cash flow information reported by five companies in previous years.

Rectangle reports operating cash flows of $3.42 billion, investing cash flows of $0.42 billion, and financing cash flows of −$3.84 billion.
Circle reports operating cash flows of $1.22 billion, investing cash flows of −$0.12 billion, and financing cash flows of −$1.04 billion. The beginning cash amount is $0.52 billion.
Pentagon reports operating cash flows of $0.08 billion, investing cash flows of $0.45 billion, and a change in total cash of $0.05 billion.
Square reports operating cash flows of $0.42 billion, financing cash flows of $0.24 billion, and a change in total cash of $0.01 billion.
Hexagon reports investing cash flows of −$1.06 billion, financing cash flows of $0.85 billion, and a change in total cash of $0.01 billion.

(Net cash outflows should be indicated with a minus sign. Enter your answers in billions rounded to 2 decimal places.)

Required:

What is the amount of the change in total cash of Rectangle?
What is the ending cash amount of Circle?
What is the amount of cash flows from financing activities of Pentagon?
What is the amount of cash flows from investing activities of Square?
What is the amount of cash flows from operating activities of Hexagon?

1. Change in total cash
billion
2. Ending cash amount
billion
3. Amount of outflows
billion
4. Amount of outflows
billion
5. Amount of inflows
billion

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Step 1Basic Information

The question is related to the Cash Flow Statement. Cash Flow Statement is summary of cash receipts and cash payments. In Cash flow statement there are three activities

1.Cash Flow from Operating Activities

2. Cash Flow from Financing Activities

3. Cash Flow from Investing Activities

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