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My one mistake is cash used for additionts to property part please you should the correct amount for this option.And please tell me with formula
My one mistake is cash used for additionts to property part please you should the correct amount for this option.And please tell me with formula how to make this part.
The table below contalns data on Fincorp Inc. The balance sheet Items correspond to values at year-end 2015 and 2016, whlle the Income statement Items correspond to revenues or expenses during the year ending In elther 2015 or 2016. All values are In thousands of dollars. 2815 Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes Accounts payable Accounts receivable 2016 $4,7e8 $4,80e 1,488 430 295 498 248 788 295 425 1,3e8 418 258 448 248 688 258 358 Net fixed assets Long-term debt Notes payable Dividends paid Cash and marketable securities 4,100 1,7e0 878 478 848 4,748 2,158 538 478 388 *Taxes are pald In thelr entirety In the year that the tax obligation Is Incurred. Net fixed assets are fixed assets net of accumulated depreclation since the asset was Installed Construct a statement of cash flows for Fincorp for 2016. (Negatlve amounts should be Indicated by a minus sign.)Step by Step Solution
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