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Problem 2-25 Statement of Cash Flows (LG2-5) Chris's Outdoor Furniture, Incorporated, has net cash flows from operating activities for the last year of $370 milion.
Problem 2-25 Statement of Cash Flows (LG2-5) Chris's Outdoor Furniture, Incorporated, has net cash flows from operating activities for the last year of $370 milion. The income statement shows that net income is $345 million and depreciation expense is $47 million. During the yeat, the change in inventory on the balance sheet was $37 milion, change in accrued wages and taxes wis $17 million, and chanpe in accounts payable was $28 million, At the beginning of the yeac, the balance of accounts recelvable was $47 million. Calculate the end-ofyear balance for accounts receivable. Note: Enter your answers in mililions of doliars. (1.e., Enter 10,000,000 as 10.) Problem 2-25 Statement of Cash Flows (LG2-5) Chris's Outdoor Furniture, Incorporated, has net cash flows from operating activities for the last year of $370 milion. The income statement shows that net income is $345 million and depreciation expense is $47 million. During the yeat, the change in inventory on the balance sheet was $37 milion, change in accrued wages and taxes wis $17 million, and chanpe in accounts payable was $28 million, At the beginning of the yeac, the balance of accounts recelvable was $47 million. Calculate the end-ofyear balance for accounts receivable. Note: Enter your answers in mililions of doliars. (1.e., Enter 10,000,000 as 10.)
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