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I need solution for D only 3. Selected information from the comparative financial statements of Francona Company for the year ended December 31 appears below:
I need solution for D only
3. Selected information from the comparative financial statements of Francona Company for the year ended December 31 appears below: 2019 2018 $370,000 $135,000 $ 175,000 $200,000 Cash Accounts receivable (net) Inventory Property, plant and equipment 130,000 170,000 425,000 295,000 Total assets 800,000 1,100,000 140,000 Current liabilities 110,000 Long-term debt 410,000 300,000 550,000 1,100,000 390,000 800,000 Owner's equity Total liabilities and owner's equity Net sales Cost of goods sold Interest expense 900.000 700,000 600,000 530,000 25,000 40,000 Income tax expense 60,000 29,000 Net income 120,000 85,000 Activate Windows Go to Settings to activa Net cash provided by operating activities 220,000 135,000 Instructions Answer the following questions relating the Francona Company to the year ended December 31, 2019. A. The inventory during 2019 was a 35.14% of cash. (Fill in source or use and amount.) B. The long-term debt for 2019 was a 110.81% of cash. (Fill in source or use and amount.) C. The return on assets ratio for 2019 is 12.63 D. Prepare a Sources and Uses of Cash Statement for 2019. SOURCES AND USES OF CASH STATEMENT, 2019 Sources of Cash Amount Activate Go to Setti Uses of Cash AmountStep by Step Solution
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