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Exercise 12-11 Indirect: Preparation of statement of cash flows LO P1, P2, P3, A1

[The following information applies to the questions displayed below.]

Required:

(1)

Prepare a statement of cash flows for the year ended June 30, 2015, using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)

then :

(2)	Compute the company's cash flow on total assets ratio for its fiscal year 2015.

Total liabilities and equity$349,500 $321,000

Exercise 12 Indirect: Preparation of statement of cash flows LO P1, P2, P3, A IThe following information applies to the questions displayed b The following financial statements and additional information are reported. KIBAN INC Comparative Balance Sheets June 30, 2015 and 2014 2015 2014 114.200 67,600 Cash Accounts receivable, net 69,800 51,300 66.500 96,500 Inventory Prepaid expenses 5,000 5.500 220,900 Total current assets 111.000 Equipment 349,500 321,000 Total assets Liabilities and Equity s 26100 32,600 Accounts payable Wages payable 7100 6.300 Income taxes payable 2,600 4,300 Total current liabilities 35,800 53.200 Notes payable (long term) 56.000 78,000 Total liabilities 91,800 131,200 Equity 182,000 Common stock, $5 par value 233,000 Retained earnings 24,700 7800 349,500 321,000 Total liabilities and equity KIBAN INC Income Statement For Year Ended June 30, 2015 675,000 409.000 Cost of goods sold 266.000 Gross profit Operating expenses 57,700 Depreciation expense 66.400 Other expenses Quest 1-2 (of 2)