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VashaNatasha [74]
3 years ago
6

Portions of the financial statements for Peach Computer are provided below.

Business
1 answer:
jonny [76]3 years ago
3 0

Answer:

$128,100

Explanation:

Cash flows from operating activities

Net income $91,000

Adjustment to reconcile

net income to net cash

from operations

Depreciation expenses $47,000

Changes in working

capital

Decrease in accounts re. $4,200

Increase in inventory ($18,500)

Decrease in prepaid rent $1,700

Decrease in income tax payable ($3,800)

Increase in accounts payable $6,500

Net cash flow from $128,100

operating activities.

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Answer:

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38,250÷12,400=3.08

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3 years ago
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2 years ago
Rice Co. was incorporated on January 1, Year 6, with $500,000 from the issuance of stock and borrowed funds of $75,000. During t
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8 0
3 years ago
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