Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please show step by step on how to get correct answer which is shown below. The incorrect answer was posted when the correct answer is

please show step by step on how to get correct answer which is shown below. The incorrect answer was posted when the correct answer is shown at the bottom. image text in transcribed
image text in transcribed
Category Prior Year Current Year Accounts payable 3,154.00 5,935.00 Accounts receivable 6,823.00 9,089.00 Accruals 5,661.00 6,100.00 Additional paid in capital 19,770.00 13,987.00 Cash ??? ??? Common Stock 2,850 2,850 COGS 22,654.00 18,230.00 Current portion long-term debt 500 500 Depreciation expense 986.00 1,039.00 Interest expense 1,263.00 1,166.00 Inventories 3,028.00 6,742.00 Long-term debt 16,838.00 22,078.00 Net fixed assets 75,973.00 73,963.00 Notes payable 4,074.00 6,517.00 Operating expenses (excl. depr.) 19,950 20,000 Retained earnings 35,936.00 34,518.00 Sales 46,360 45,856.00 Taxes 350 920 Inventories 3,028.00 6,742.00 Long-term debt 16,838.00 22,078.00 Net fixed assets 75,973.00 73,963.00 Notes payable 4,074.00 6,517.00 Operating expenses (excl. depr.) 19,950 20,000 Retained earnings 35,936.00 34,518.00 Sales 46,360 45,856.00 Taxes 350 920 What is the firm's cash flow from financing? 1764 Submit Answer format: Number: Round to: 0 decimal places. answered incorrect Correct Answer: -4019

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Financial Management for Public Health and Not for Profit Organizations

Authors: Steven A. Finkler, Thad Calabrese

4th edition

133060411, 132805669, 9780133060416, 978-0132805667

More Books

Students also viewed these Finance questions

Question

How to find if any no. is divisble by 4 or not ?

Answered: 1 week ago

Question

Explain the Pascals Law ?

Answered: 1 week ago