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Calculating Net Cash Flow from Operating Activities ( Indirect Method ) Lincoln Company owns no plant assets and reported the following income statement for the
Calculating Net Cash Flow from Operating Activities Indirect Method
Lincoln Company owns no plant assets and reported the following income statement for the current year:
Additional balance sheet information about the company follows:
Use the information to:
a Calculate the net cash flow from operating activities under the indirect method.
Note: Use a negative sign with your answer to indicate a cash outflow, if applicable.
b Compute its operating cash flow to current liabilities OCFCL ratio. Assume current liabilities consist of accounts payable and wages payable.
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