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How do I compute the operating cash flow to capital expenditures ratio? Statement of Cash Flows (Indirect Method) The Wolff Company's income statement and comparative

How do I compute the operating cash flow to capital expenditures ratio?

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Statement of Cash Flows (Indirect Method) The Wolff Company's income statement and comparative balance sheets at December 31 of 2013 and 2012 are shown below: WOLFF COMPANY Income Statement For the Year Ended December 31, 2013 Sales Revenue $698500 Cost of Goods Sold 3473,000 Wages Expense 94,600 Insurance Expense 8.800 Depreciation Expense 18,700 Interest Expense 9,900 Income Tax Expense 31,900 636,900 Net Income $61.600 WOLFF COMPANY Balance Sheets Dec. 31, 2013 Dec. 31, 2012 Assets Cash $12.100 $5.500 Accounts Receivable 45,100 35,200 Inventory 99,000 66,000 Prepaid Insurance 5.500 7,700 Plant Assets 275,000 214,500 Accumulated Depreciation (74.800) (56,100) Total Assets $361.900 $272.800 Liabilities and Stockholders' Equity Accounts Payable $7,700 $11,000 Wages Payable 9.900 6,600 Income Tax Payable 7,700 8.800 Bonds Payable 143,000 82.500 Common Stock 99,000 99,000 Retained Earnings 94,600 64.900 Total Liabilities and Stockholders' Equity $361.900 $272.800 Cash dividends of $31,900 were declared and paid during 2013. Plant assets were purchased for cash and bonds payable were issued for cash. Bond interest is paid semi-annually on June 30 and December 31. Accounts payable relate to merchandise purchases. Required a. Calculate the change in cash that occurred during 2013. b. Prepare a statement of cash flows

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