Question
Financial Information: Net Income: $12,400,000 Depreciation Expense: $600,000 Increase in Accounts Receivable: $250,000 Decrease in Accounts Payable: $380,000 Purchase of Equipment: $1,100,000 Questions: a) Calculate
- Financial Information:
- Net Income: $12,400,000
- Depreciation Expense: $600,000
- Increase in Accounts Receivable: $250,000
- Decrease in Accounts Payable: $380,000
- Purchase of Equipment: $1,100,000
Questions: a) Calculate the operating cash flow. b) Determine the asset turnover ratio. c) Compute the cash flow from financing activities. d) Calculate the cash flow from operating activities. e) Determine the return on assets (ROA).
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Introduction to Managerial Accounting
Authors: Peter Brewer, Ray Garrison, Eric Noreen
5th edition
73527076, 978-0077386214, 77386213, 978-0073527079
