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I found these answers through chegg, but whoever answered this question left out the free cash flow. Please find the cash flow. The following are
I found these answers through chegg, but whoever answered this question left out the free cash flow. Please find the cash flow.
The following are the financial statements of Skysong, Inc. Skysong, Inc. Comparative Balance Sheets December 31 Assets 2020 Cash $37.900 Accounts receivable 32,200 Inventory 30,600 Equipment 59.400 Accumulated depreciation-equipment (29,300) Total $130.800 2019 $20,300 18,800 20,500 77.100 (23,200) $113,500 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $28,300 7.200 27.500 18,500 49.300 $130,800 $16,600 8.500 33.900 14.700 39,800 $113,500 Skysong, Inc. Income Statement For the Year Ended December 31, 2020 Sales revenue $241.200 Question 2 of 2 Step by Step Solution
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