Question
Financial Information: Net Income: $7,200,000 Depreciation Expense: $400,000 Increase in Accounts Receivable: $150,000 Decrease in Accounts Payable: $220,000 Purchase of Equipment: $800,000 Questions: a) Calculate
- Financial Information:
- Net Income: $7,200,000
- Depreciation Expense: $400,000
- Increase in Accounts Receivable: $150,000
- Decrease in Accounts Payable: $220,000
- Purchase of Equipment: $800,000
Questions: a) Calculate the operating cash flow. b) Determine the debt-to-asset ratio. c) Compute the cash flow from operating activities. d) Calculate the cash flow from financing activities. e) Determine the total asset turnover ratio.
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Introduction to Managerial Accounting
Authors: Peter Brewer, Ray Garrison, Eric Noreen
5th edition
73527076, 978-0077386214, 77386213, 978-0073527079
