Homework 116 075 po 7 COTB MC Qu. 15-100 (Algo) Assume a merchandising company reported... Assume...

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Homework 116 075 po 7 COTB MC Qu. 15-100 (Algo) Assume a merchandising company reported... Assume a merchandising company reported the following income statement Sales Cost of goods sold Gross margin Selling and administrative expenses Net incone before taxes Income tax expense Net income Selected balance sheet accounts are as follows: $ 300,000 180,000 120,000 80,000 40,000 12,000 $ 28,000 Me Seraw Help Save & Exit Submit Beginning Balance Ending Balance Current Assets. Accounts receivable $ 60,000 Inventory $ 30,000 $ 63,600 $ 28,000 Prepaid expenses $8,000 $6,000 Current Liabilities $10,000 $13,000 $7,000 $6,000 $4,000 Accounts payable Accrued Liabilities Income taxes payable. $ 4,000 If the company's selling and administrative expense includes $16.000 of depreciation, then what is the net cash provided by operating activities? < Prev 7 of 16 Next > Homework 116 075 po 7 COTB MC Qu. 15-100 (Algo) Assume a merchandising company reported... Assume a merchandising company reported the following income statement Sales Cost of goods sold Gross margin Selling and administrative expenses Net incone before taxes Income tax expense Net income Selected balance sheet accounts are as follows: $ 300,000 180,000 120,000 80,000 40,000 12,000 $ 28,000 Me Seraw Help Save & Exit Submit Beginning Balance Ending Balance Current Assets. Accounts receivable $ 60,000 Inventory $ 30,000 $ 63,600 $ 28,000 Prepaid expenses $8,000 $6,000 Current Liabilities $10,000 $13,000 $7,000 $6,000 $4,000 Accounts payable Accrued Liabilities Income taxes payable. $ 4,000 If the company's selling and administrative expense includes $16.000 of depreciation, then what is the net cash provided by operating activities? < Prev 7 of 16 Next >