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NEED HELP ASAP PLZ!! Required information [The following information applies to the questions displayed below.] The following financial statements and additional information are reported. Additional
NEED HELP ASAP PLZ!!
Required information [The following information applies to the questions displayed below.] The following financial statements and additional information are reported. Additional Informotion a. A $30,000 notcs payable is retired at its $30,000 carrying (book) value in exchange for cash. b. The only changes affecting retained earnings are net income and cash dividends paid. c. New equipment is acquired for $62600 cash. d. Received cash for the sale of equipment that had cost $53,600, yielding a $2,500 gain. e. Prepaid Expenser and Wages Payable relate to Operating Expenses on the income statement. f. All purchases anc sales of inventory are on credit. Required: (1) Prepare a statement of cash flows using the indirect methad for the year ended June 30, 2021. (Amounts to be deducted should be indicoted with a minus sign.) Pert 1 of 2 IKIBAN, INCORPORAIED (2) Compute the parn's cash flow on total assets ratio for its fiscal year 2021 Step by Step Solution
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