Welch Raskits Company has asked for your assistance in preparing its cash flow statement for 2000.Among other items, its 2000 income statement shows sales revenue of

$65,500, cost of goods sold of $36,000, and salaries expense of $18,400. You analyze its 2000 beginning and ending balance sheets and find a beginning cash balance of $8,100, an increase in accounts receivable of $4,800, an increase in inventory of $2,200, an increase in accounts payable of $4,600, and a decrease in salaries payable of $2,100. Further investigation shows that the owner withdrew $12,000 and that the company sold land for

$5,300, issued a note payable for $8,000, and purchased a van for $14,800.

Required: (|) Using your findings, prepare the company’s 2000 cash flow statement.

(2) Compute the company’s 2000 operating cash flow margin.  plo47