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    doriswei92's Avatar
    doriswei92 Posts: 1, Reputation: 1
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    #1

    Nov 29, 2009, 02:57 AM
    Statement of cash flows
    ADP, Inc. began the year 2004 with $145 million in cash. During 2004, ADP earned net income of $395 million, and adjustments to reconcile net income to net cash provided by operations totaled $2330 million, a positive amount. Investing activities used cash of $3140m, and financing activities provided cash of $420m. ADP ended 2004 with total assets of $15195m and total liabilities of $10550m.

    Prepare ADP, Inc.'s statement of cash flows for the year ended Dec 31, 2004.

    (The answer in the ans sheet stated the ending cash balance is $150 million, but my answer was $1770m).
    So how should get it right?
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Nov 30, 2009, 02:21 AM

    How about if you show your work and let someone guide you on where you are going wrong.
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