Question
Financial Information: Net Income: $14,700,000 Depreciation Expense: $700,000 Increase in Accounts Receivable: $280,000 Decrease in Accounts Payable: $400,000 Purchase of Equipment: $1,300,000 Questions: a) Calculate
- Financial Information:
- Net Income: $14,700,000
- Depreciation Expense: $700,000
- Increase in Accounts Receivable: $280,000
- Decrease in Accounts Payable: $400,000
- Purchase of Equipment: $1,300,000
Questions: a) Calculate the operating income. b) Determine the debt-to-equity ratio. c) Compute the cash flow from operating activities. d) Calculate the cash flow from investing activities. e) Determine the current ratio.
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Introduction to Managerial Accounting
Authors: Peter Brewer, Ray Garrison, Eric Noreen
5th edition
73527076, 978-0077386214, 77386213, 978-0073527079
