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6) Computation of operating cash flows The financial statements of Packard Corporation provide the following information for the current year: End of Beginning of Year
6) Computation of operating cash flows The financial statements of Packard Corporation provide the following information for the current year: End of Beginning of Year Year $106,000 $105,000 $31,000 $74,000 Accounts receivable $98,000 Inventory Prepaid expenses Accounts payable (for merchandise) Accrued liabilities $120,000 $29,000 $70,000 $30,000 $28,000 Net sales $848,000 Cost of goods sold Expenses (including depreciation of $43,000) $318,000 $258,000 Using this information, compute for the current year: (show your work for partial credit) $ Cash received from customers . b. $ Cash payments for purchases of merchandise Cash payments for operating expenses $ . d. Net Cash flow from operating activities
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