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answer whats in red please Exit Additional Information a. A $30,000 note payable is retired at its $30,000 carrying (book) value in exchange for cash.

answer whats in red please
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Exit Additional Information a. A $30,000 note payable is retired at its $30,000 carrying (book) value in exchange for cash. b. The only changes affecting retained earnings are net income and cash dividends paid. c. New equipment is acquired for $57,600 cash d. Received cash for the sale of equipment that had cost $48.600. yielding a $2,000 gain. e. Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement f. All purchases and sales of inventory are on credit ded (2) Compute the company's cash flow on total assets ratio for its fiscal year 2018, Choose Numerator: Operating cash flows 151,410 Cash Flow on Total Assets Ratio Choose Denominator: Average current assets 305,300 SIS Cash Flow on Total Assets Ratio Cash flow on total assets ratio 49.6% 1 2

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