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breaking down the information to create/input Statement of Cash Flows (Indirect Method) information provided to develop a statement of cash flow (indirect method) with ratio

breaking down the information to create/input Statement of Cash Flows (Indirect Method)
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information provided to develop a statement of cash flow (indirect method) with ratio to shareholders, return on assets, gross profit ratio, Profit margin, asset turnover, and receivable turnover image text in transcribed
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Balance Sheets So, with the help of Trial balance, we prepare the 2 Income Statement 3 For the Year Ended December 31, 2022 Revenues Sales Revenue, Net Less: Cost of Goods Sold Gross Profit: Operating expenses Depreciation Expenses Research and Development Expenses General and Administrations Expenses Marketing Expenses Operating Expenses Total operating expenses Income from operations Other non-operating income and expense Interest Expenses Income before income taxes Income Tax Expenses Net income MVSMC Statement of Cash Hows (Indirect Method) For the Year Ended December 31, 2002 MVSMC Trail Balance As of December 31, 2022 Net income Adjustments to reconcile net income to net cash Accounts: Debit Credit f) form operating activities: 20 Investing octivities: 21 22 Net cash used for investing, activities 23 Financing octivities: 25 Net cash provided (used) for financing activities 27 Net change in cash and cash equivalents 28 Cath and cash equivalents - beginning, of period 29 Cash and cash equivalents - end of period \begin{tabular}{l|l} \hline Other current assets & 1,000 \\ \hline Interest expense, ne & 4,500 \\ \hline Income tax expense & 7,790 \end{tabular} Income tax expense 7,790 Depreciation expen 8.000 Other long-term ass: 10,000 Cash and cash equivi 13,500 Accounts receivable 18,500 Hesearch and devetc 22,000 General and adminis 42,840 Property, plant and 48,000 Marketing expense 54,000 Inventory 78,420 Operating expense 105,250 Less cost of goods sc 278,200 Common stock Other current liabilities Retained earnings Accrued expenses Accounts payable 1,000 Long term debt 3,500 30 Sales revenue, net 7,000 8,500 12,000 5 95,000 565,000 31 32 34 30 \begin{tabular}{|l|} 692,000692,000 \\ \hline \end{tabular} 017

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