Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Category Prior Year Current Year Accounts payable 3,163.00 5,923.00 Accounts receivable 6,998.00 9,080.00 Accruals 5,647.00 6,040.00 Additional paid in capital 20,364.00 13,216.00 Cash ??? ???
Category | Prior Year | Current Year |
Accounts payable | 3,163.00 | 5,923.00 |
Accounts receivable | 6,998.00 | 9,080.00 |
Accruals | 5,647.00 | 6,040.00 |
Additional paid in capital | 20,364.00 | 13,216.00 |
Cash | ??? | ??? |
Common Stock | 2,850 | 2,850 |
COGS | 22,648.00 | 18,832.00 |
Current portion long-term debt | 500 | 500 |
Depreciation expense | 1,021.00 | 1,020.00 |
Interest expense | 1,287.00 | 1,134.00 |
Inventories | 3,062.00 | 6,689.00 |
Long-term debt | 16,659.00 | 22,083.00 |
Net fixed assets | 75,277.00 | 74,195.00 |
Notes payable | 4,068.00 | 6,501.00 |
Operating expenses (excl. depr.) | 19,950 | 20,000 |
Retained earnings | 35,477.00 | 34,587.00 |
Sales | 46,360 | 45,003.00 |
Taxes | 350 | 920 |
What is the firm's cash flow from operations?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started