Question
3: Net income is $10,367. During the year, the company had $6,810 depreciation expense and a loss on sale of assets of $20,292. In addition,
3: Net income is $10,367. During the year, the company had $6,810 depreciation expense and a loss on sale of assets of $20,292. In addition, accounts receivable decreased $11,306 and taxes payable decreased $11,745. What is the net cash provided by operations under the indirect method? If the answer is a source, leave the number positive. If the answer is a use, put a negative sign "-" in front of your answer.
4: The company earned net income of $343,430 and had 1,000 shares of $50 par 8% preferred shares of stock outstanding. Preferred stock dividends were paid. If the weighted average number of common shares was 60,919, state the earnings per share in decimal form rounded to the nearest two decimals. (For example, if the EPS was $1.16, then write 1.16 as your answer.)
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