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25. The following selected financial statement information is for Stevens Company. (18 Points) December 31 2017 2016 Current Assets Cash Accounts receivable Merchandise inventory Prepaid
25. The following selected financial statement information is for Stevens Company. (18 Points) December 31 2017 2016 Current Assets Cash Accounts receivable Merchandise inventory Prepaid expenses $ 86,000 24,000 20,000 10,000 $71,000 20.000 27,000 8,000 Current Liabilities Accounts payable Income taxes payable 41,000 6,000 44,000 11,000 Other data for the Year Ended December 31, 2017 From the income statement: Net income Depreciation expense Loss on sale of equipment $146,000 32,000 9,000 From accounting records Capital expenditures 44,000 Required: a. Using the indirect method, prepare the operating activities section of the statement of cash flows for Stevens Company for the year ended December 31, 2017 b. Calculate the following cash measures: (1) Operating cash flow ratio (round to the nearest tenth of a percent). (2) Capital expenditure ratio (round to the nearest tenth of a percent). (3) Free cash flow. Focus l T - - + 7296 m gP A 810 PM 3/29/2020
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