Putnam corporation had these transactions during 2014.

Description / Instructions: Week 9-chapter 12 Homework Assignment

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Exercise 12-1

Putnam Corporation had these transactions during 2014. Analyze the transactions and indicate whether each transaction resulted in a cash flow from operating activities, investing activities, financing activities, or noncash investing and financing activities.

(a) Purchased a machine for $30,000, giving a long-term note in exchange.

(b) Issued $50,000 par value common stock for cash.

(c) Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000.

(d) Declared and paid a cash dividend of $13,000.

(e) Sold a long-term investment with a cost of $15,000 for $15,000 cash.

(f) Collected $16,000 of accounts receivable.

(g) Paid $18,000 on accounts payable.

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Exercise 12-6

The following information is available for Ramos Corporation for the year ended December 31, 2014.

Beginning cash balance $ 51,840

Accounts payable decrease 4,262

Depreciation expense 186,624

Accounts receivable increase 9,446

Inventory increase 12,672

Net income 327,283

Cash received for sale of land at book value 40,320

Cash dividends paid 13,824

Income taxes payable increase 5,414

Cash used to purchase building 332,928

Cash used to purchase treasury stock 29,952

Cash received from issuing bonds 230,400

Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

RAMOS CORPORATION Statement of Cash Flows—Indirect Method For the Year Ended December 31, 2014

  $

Adjustments to reconcile net income to

 $

  $

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Exercise 12-9

Suppose Presented below is 2014 information for PepsiCo, Inc. and The Coca-Cola Company.

($ in millions) PepsiCo Coca-Cola

Net cash provided by operating activities $6,154 $8,527

Average current liabilities 8,947 13,286

Average total liabilities 21,138 21,930

Net income 5,653 7,403

Sales revenue 42,834 31,868

Capital expenditures 2,201 1,921

Dividends paid 2,683 3,677

Using the cash-based measures presented compute the liquidity and solvency of the two companies. (Round ratios to 2 decimal places, e.g. 2.56.)

PepsiCo Coca-Cola

Liquidity times times

Solvency times times

Free cash flow $ $

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Exercise 12-14

The following information is available for Taliaferro Corp. for 2014.

Cash used to purchase treasury stock $ 106,061

Cash dividends paid 48,069

Cash paid for interest 49,392

Net income 1,023,782

Sales revenue 1,768,410

Cash paid for taxes 218,295

Cash received from customers 1,248,251

Cash received from sale of building (at book value) 435,708

Cash paid for operating expenses 169,785

Beginning cash balance 24,255

Cash paid for goods and services 615,416

Cash received from issuing common stock 782,775

Cash paid to redeem bonds at maturity 441,000

Cash paid to purchase equipment 249,606

Prepare a statement of cash flows using the direct method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

TALIAFERRO CORP. Statement of Cash Flows—Direct Method For the Year Ended December 31, 2014

  $

:

 $

  $

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