art 1: You are given the following information for Barko Industries: Barko Industries Balance Sheet

| September 29, 2018

Part 1:You
are given the following information for Barko Industries:

Barko
Industries

Balance
Sheet (Partial)

Year 3

Year 4

Cash

$70,000

$9,640

AR

70,000

85,000

Inventories

87,000

84,000

Accounts Payable

48,000

51,000

Barko
Industries

Income
Statement

For
the Year Ending December 31, Year 4

Sales

$560,000

Operating Expenses

$420,000

Depreciation Expense

46,000

466,000

Income Before Taxes

$94,000

Income Tax Expense

$37,600

Net Income

$56,400

Barko Industries sold an asset
and recorded a loss on the sale of $8.700. The sale price was $220,000 and
the asset was originally purchased for $360,000.
Dividends paid in Year 4 were
$22, 460.

Required:

Prepare a statement of cash
flows for the year ending December 31, Year 4 using the indirect method.
What conclusions could you
arrive at regarding the cash position of the firm?
What information was provided
in the statement of cash flows that was not evident if just the balance
sheet and the income statement were examined?

Part
2:
Examine the statement of cash flows
for General Motors and Ford Motor Company for the most recent year. Address the
following concerns:

What are the two largest
investing activities and financing activities for each firm?
Compare and contrast the
investing and financing activities of the two companies.
Evaluate the investing and
financing strategies of the two firms? Provide a rationale for your
opinion as to the effectiveness of each of the strategies

List your sources in APA format.

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