Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

-------------------------------------- 2017 -- 2018 Cash 4,000 671,139 Accounts Receivable 1,000 1,010 Inventory 3,000 3,030 Prepaid Assets 7,000 7,070 Other Assets 8,000 8,080 Total Current Assets

-------------------------------------- 2017 -- 2018

Cash 4,000 671,139
Accounts Receivable 1,000 1,010
Inventory 3,000 3,030
Prepaid Assets 7,000 7,070
Other Assets 8,000 8,080
Total Current Assets 23,000 690,329
Net PPE 30,000 24,000
Intangibles 7,000 7,000
Total Assets 60,000 721,329
Accounts Payable 2,000 2,020
Salary Payable 9,000 9,090
Notes Payable 2,000 2,000
Total Current Liabilities 13,000 13,110
Long-Term Debt 100,000 100,000
Total Liabilities 113,000 113,110
Common Stock 70,000 70,000
Retained Earnings -123,000 538,219
total equity 53,000 608,219
2018
Sales 2,489,000
COGS 970,710
Gross Profit 1,518,290
SG&A 18,000
Other Operating Expenses 19,000
Depreciation 3,000
Interest 3,508
Taxes 390,817
Net Income 1,083,965
dividends 422,746

Calculate Operating Cash Flow (OCF).

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Finance For Non Financial Managers

Authors: Dora Hancock

1st Edition

0749480017, 9780749480011

More Books

Students also viewed these Finance questions