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which of the three competitors is in the strongest position as shown by its statemen 648208

Financial data from three competitors in the same industry follow.

1. Which of the three competitors is in the strongest position as shown by its statement of cash flows?

2. Analyze and compare the strength of Z Best’s cash flow on total assets ratio to that of Lopez.

($ thousands)

Z Best

Lopez

Ahmed

Cash provided (used) by operating activities

$80,000

$ 70,000

$ (34,000)

Cash provided (used) by investing activities

 

 

 

Proceeds from sale of operating assets

 

 

36,000

Purchase of operating assets

(38,000)

(35,000)

 

Cash provided (used) by financing activities

 

 

 

Proceeds from issuance of debt

 

 

33,000

Repayment of debt

(7,000)

 

 

Net increase (decrease) in cash

35,000

$ 35,000

$ 35,000

Average total assets

800,000

$ 650,000

$ 400,000

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