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asap 2 Your answer Presented below is the income statement of LAKAEM DAYTOY Ine Sales P500.000 Cost of goods sold 225.000 Gross profit P275,000 Operating
asap 2
Your answer Presented below is the income statement of LAKAEM DAYTOY Ine Sales P500.000 Cost of goods sold 225.000 Gross profit P275,000 Operating expenses 80.000 Income before income taxes 195.000 Income taxes 54.000 Net income P 141.000 In addition, the following information related to not changes in working capital is presented Debit Cash P12.000 Trade accounts receivable 25.000 Inventories 16.400 Salaries payable operating expenses) 8 000 Trade accounts payable 12000 Income tax payable 4.000 How much is the cash received from customers? Your answer How much cash has been paid to suppliers? Your answer How much is the cash payment for operating expenses? Your answer How much is the income tax payment? You answer What is the amount of cash provided (used) by operating activities? Your Step by Step Solution
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