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Mod 19.8: Based on the following information from ZYX Co's income statement and other sources for the year ended 12/31/X1, compute ZYX's net cash
Mod 19.8: Based on the following information from ZYX Co's income statement and other sources for the year ended 12/31/X1, compute ZYX's net cash flows from financing activities: Net Sales for the year $6 Cost of goods sold $7 Operating expenses $8 Interest expense $2 Gain on sale of land $1 and its balance sheet as of 12/31/X1: Increase in accounts receivable 36 Decrease in inventory 296 Cash received on issuance of stock 10 Increase in prepaid expenses 3 Increase in accounts payable 26 Increase in 5 year Notes Payable, all new loans 3 Decrease in interest payable 8 Other information: Cash received on sale of equipment $10 Dividends paid $15
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