Question
Financial Information: Net Income: $8,800,000 Depreciation Expense: $500,000 Increase in Accounts Receivable: $180,000 Decrease in Accounts Payable: $260,000 Purchase of Equipment: $900,000 Questions: a) Calculate
- Financial Information:
- Net Income: $8,800,000
- Depreciation Expense: $500,000
- Increase in Accounts Receivable: $180,000
- Decrease in Accounts Payable: $260,000
- Purchase of Equipment: $900,000
Questions: a) Calculate the gross profit margin. b) Determine the times interest earned ratio. c) Compute the cash flow from financing activities. d) Calculate the cash flow from investing activities. e) Determine the quick ratio.
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Introduction to Managerial Accounting
Authors: Peter Brewer, Ray Garrison, Eric Noreen
5th edition
73527076, 978-0077386214, 77386213, 978-0073527079
