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3 years ago

Zwilling Corporation’s comparative balance sheet for current assets and liabilities was as follows:

Business

1 answer:

gayaneshka [121]3 years ago

5 0

Answer: $202,700

Explanation:

Given that,

Dec. 31, Year 2 Dec. 31, Year 1

Accounts receivable $27,830 $33,340

Inventory $18,140 $15,290

Accounts payable $15,680 $13,780

Dividends payable $49,220 $52,490

Adjust net income = $198,140

Net cash flow from operating activities:

= Net income + Decrease in Accounts receivable - Increase in inventory + Increase in accounts payable

= $198,140 + $5,510 - $2,850 + $1,900

= $202,700

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