Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

please answer both #5 & #6!!! a. Net income was $473,000. b. Issued common stock for $79,000 cash. c. Paid cash dividend of $11,000. d.

please answer both #5 & #6!!! image text in transcribed
image text in transcribed
image text in transcribed
a. Net income was $473,000. b. Issued common stock for $79,000 cash. c. Paid cash dividend of $11,000. d. Paid $105,000 cash to settle a long-term notes payable at its $105,000 maturity value. e. Paid $124,000 cash to ocquire its treasury stock. f. Purchased equipment for $90,000 cash. Use the above information to determine cash flows from financing activities. Note: Amounts to be deducted should be indicated with a minus sign. A company reported average total assets of $249,000 in Year 1 and $288,000 in Year 2 . Its net operating cash flow was $17,575 in Year 1 and $31.250 in Year 2 (1) Calculate its cash fiow on total assets ratio for bothyears. (2) Did its cash flow on total assets improve in Year 2 versus Year 1 ? Complete this question by entering your answers in the tabs below. Cakulate its cash fow en total assets ratio for both vears. A company reperted average total assets of $249,000 in Year 1 and $288,000 in Year 2 . its net operating cash flow was $17,575 in Yeat 1 and $31250 in Year 2. (1) Calculate its cash fiow on total assets ratio for both years. (2) Did is cash flow on total assets improve in Year 2 versus Year 1 ? Complete this question by entering your answers in the tabs below. Did its cash How on total assets improve in Year 2 versus Year 1

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Debra C. Jeter, Paul Chaney

5th Edition

978-1118098615

Students also viewed these Accounting questions

Question

Refer to Exercise

Answered: 1 week ago