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Please solve it quickly, time expires in an hour from now :During the Year Ended 12/31/2020 the Financial Statements of XXX Co. should the followings
Please solve it quickly, time expires in an hour from now
:During the Year Ended 12/31/2020 the Financial Statements of XXX Co. should the followings Year Ended 2020 Year Ended 2019 Change 500 2500 2000 Sales 500 2100 1600 Cost of Goods Sold 0 400 400 Gross Profit 5 25 20 Depreciation 95 175 80 Other Operating Expenses 10 Gain on sale of assets 90- 210 300 Net Income 20 40 20 Account Receivable 5- 25 30 Account Payable 10 25 15 Inventory 30 130 100 Equipment less: Accumulated Depreciation 20- 70- 50- DISNEY PURCHASE A NEW EQUIPMENT FOR $40 What is the operating cashflow of 2020? what is the cash received from customers in 2020? What is the cash paid for suppliers in 2020? Calculate the Payables turnover ratio which equals (Purchases /Average trade payable) What is the gross profit margin of 2020? What is the book value of the sold equipment? What is the historical cost of the sold equipment? What is the accumulated depreciation on the sold equipment What is the selling price for the sold equipment What is the cash flow from investment activitiesStep by Step Solution
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