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Analysts following the Wildhorse Golf Company were given the following balance sheet information for the years ended June 30 , 2020 and June 30,2019: In
Analysts following the Wildhorse Golf Company were given the following balance sheet information for the years ended June 30 , 2020 and June 30,2019: In addition, it was reported that the company had a net income of $3,155,958 and that depreciation expenses were equal to $212,421 during 2020. Assume amortization expense was $0 in 2020. Based on the financial statements for Wildhorse Golf Company above, compute the cash flow invested in net working capital and the In addition, it was reported that the company had a net income of $3,155,958 and that depreciation expenses were equal to $212,421 during 2020. Assume amortization expense was $0 in 2020. Based on the financial statements for Wildhorse Golf Company above, compute the cash flow invested in net working capital and the cash flow invested in long-term assets that you would use in a calculation of the cash flow to investors for 2020
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