Question
can you please help me with these 3 questions? 1 . Cambridge Corporation just completed its fiscal year ended February 28, 2021.The accounts receivable balance
can you please help me with these 3 questions?
1 . Cambridge Corporation just completed its fiscal year ended February 28, 2021.The accounts receivable balance was $20,000 at the beginning of the year and $45,000 at the end of the year.Accounts payable was $52,000 at the beginning of the year and $34,000 at the end of the year.Depreciation expense totaled $55,000 and dividends of $50,000 were paid during the year.Net income was $140,000.What is the amount of cash provided by operating activities? Enter as a whole number (no cents).
2- Cambridge Corporation just completed its fiscal year ended February 28, 2021.The accounts receivable balance was $20,000 at the beginning of the year and $45,000 at the end of the year.Accounts payable was $52,000 at the beginning of the year and $34,000 at the end of the year.Depreciation expense totaled $55,000 and dividends of $50,000 were paid during the year.Net income was $140,000.What is the amount of cash provided by operating activities? Enter as a whole number (no cents).
3- Somerset Corporation just completed its fiscal year ended January 31, 2021.All sales were on account and totaled 500,000 for the year.The accounts receivable balance on February 1, 2020 was 70,000 and the balance was 55,000 on January 31, 2021. What is the accounts receivable turnover ratio? Round and enter to one decimal place only.
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