Kayla Moss has just received a small inheritance from her

#3716
Kayla Moss has just received a small inheritance from her grandparents' estate. She would like
to invest the money and is currently reviewing several opportunities. A friend has given her the
financial statements of Robertson Furniture Ltd., a company she found on the Internet. Kayla
has reviewed the financial statements and is ready to invest in Robertson Furniture.Before she
invests, Kayla comes to you for some financial advice, because she knows you are taking an
accounting course and may be able to give her some insights into the financial statements. She
is convinced that this company will be a profitable investment because the statement of financial
position indicates that the company's cash balances have been increasing very rapidly, from
only $8,000 two years ago to $354,000 now.Kayla has copied Robertson's statement of cash
flows for you, so that you can see how much cash the company has been able to generate each
year.ROBERTSON FURNITURE LTD.Statement of Cash FlowsAs of December 31Required:a.
Comment on Robertson Furniture's statement of cash flows and address Kayla's opinion that, in
light of the amount of cash it has generated, the company must be a good investment.b. Based
on the results of your analysis of Robertson's statement of cash flows, outline several points
that Kayla should investigate about this company before investing her inheritance in it.View
Solution:
Kayla Moss has just received a small inheritance from her

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