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During the Year Ended 12/31/2020 the Financial Statements of XXX Co. should the followings: Year Ended 2019 Year Ended 2020 Change Sales 2000 2500 500
During the Year Ended 12/31/2020 the Financial Statements of XXX Co. should the followings:
Year Ended 2019
Year Ended 2020
Change
Sales
2000
2500
500
Cost of Goods Sold
1600
2100
500
Gross Profit
400
400
0
Depreciation
20
25
5
Other Operating Expenses
80
175
95
Gain on sale of assets
10
Net Income
300
210
-90
Account Receivable
20
40
20
Account Payable
30
25
-5
Inventory
15
25
10
Equipment
100
130
30
less: Accumulated Depreciation
-50
-70
-20
DISNEY PURCHASE A NEW EQUIPMENT FOR $40
What is the operating cashflow of 2020?
Answer for part 1
what is the cash received from customers in 2020?
Answer for part 2
What is the cash paid for suppliers in 2020?
Answer for part 3
Calculate the Payables turnover ratio which equals (Purchases /Average trade payable)
Answer for part 4
What is the gross profit margin of 2020?
Answer for part 5
What is the book value of the sold equipment?
Answer for part 6
What is the historical cost of the sold equipment?
Answer for part 7
What is the accumulated depreciation on the sold equipment
Answer for part 8
What is the selling price for the sold equipment
Answer for part 9
What is the cash flow from investment activities?
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Governmental Accounting Auditing And Financial Reporting
Authors: Stephen J. Gauthier
1st Edition
0891252754, 978-0891252757
