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Consider the following income statement and additional information to determine Cash Flow from Operations (using the Indirect method for the Wills Company Sales Revenue $1,000,000
Consider the following income statement and additional information to determine Cash Flow from Operations (using the Indirect method for the Wills Company Sales Revenue $1,000,000 Cost of Goods Sold 250.000) Gross Profit 250.000 Selling and Administrative Exp Salary Expense 50,000 Depreciation Expense 25,000 Administrative 25.000 (100.000) Expense Net Income 750.000 Additional information: Decrease in riventories 39,000 Increase in Accounts Receivable $5000 Increase in Accounts Payable 56000 Whaths Cash Flow from Operating Activities using the indirect method? 2.5160,000 6.3165.000 $185.000 4.5175.000
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