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2007 Income Statement Sales 155,000.00 COGS 104,000.00 Dep 11,800.00 EBIT 39,200.00 Interest 6,800.00 Taxable income 32,400.00 Taxes 8,600.00 NI 23,800.00 Waxham Feed Balance Sheet 2006
2007 Income Statement | |||||
Sales | 155,000.00 | ||||
COGS | 104,000.00 | ||||
Dep | 11,800.00 | ||||
EBIT | 39,200.00 | ||||
Interest | 6,800.00 | ||||
Taxable income | 32,400.00 | ||||
Taxes | 8,600.00 | ||||
NI | 23,800.00 | ||||
Waxham Feed Balance Sheet | |||||
2006 | 2007 | 2006 | 2007 | ||
Cash | 33,000.00 | 20,000.00 | A/P | 20,500.00 | 26,800.00 |
A/R | 25,200.00 | 19,300.00 | LTD | 65,500.00 | 73,000.00 |
Inventory | 40,570.00 | 55,760.00 | Common Stock | 75,000.00 | 100,000.00 |
Total CA | 98,770.00 | 95,060.00 | RE | 150,770.00 | 166,060.00 |
Net Fixed Asst | 213,000.00 | 270,800.00 | |||
Total Asset | 311,770.00 | 365,860.00 | Tot Lia. & OE | 311,770.00 | 365,860.00 |
How does accounts payables affect the statement of cash flows for 2007?
a use of $6300 of cash as a financing activity | ||
a use of $6300 of cash as an investment activity | ||
a source of $6300 of cash as an investment activity | ||
a source of $6300 of cash as an operating activity | ||
a use of $6300 of cash as an operating activity |
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