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Considering the following information for a company's current asset and current liabilities: Current assets 2015 2014 Cash 6.000 30.000 Account receivable 55.000 20.000 Merchandise inventory
Considering the following information for a company's current asset and current liabilities: Current assets 2015 2014 Cash 6.000 30.000 Account receivable 55.000 20.000 Merchandise inventory 50.000 40.000 Total current assets 111.000 90.000 Current liabilities 2015 2014 Accounts payable. Merchandise suppliers 50.000 30.000 Accounts payable. Other operating suppliers 12.000 10.000 Salaries payable 6.000 5.000 Total current liabilities 68.000 45.000 Knowing that the company, at the end of 2015, gets a net income equal to $ 20.000 and presents depreciation expenses equal to $10.000, provide the cash flow from operating activities using the indirect method
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