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Selected information from Rockway, Inc.s U.S. GAAP financial statements for the year ended December 31, included the following (in $): 2004 2005 Sales 17,000,000 21,000,000
Selected information from Rockway, Inc.s U.S. GAAP financial statements for the year ended December 31, included the following (in $):
2004 | 2005 | |
Sales | 17,000,000 | 21,000,000 |
Cost of Goods Sold | 11,000,000 | 15,000,000 |
Interest Paid | 800,000 | 1,000,000 |
Current Income Taxes Paid | 700,000 | 1,000,000 |
Accounts Receivable | 3,000,000 | 2,500,000 |
Inventory | 2,400,000 | 3,000,000 |
Property, Plant & Equip | 2,000,000 | 16,000,000 |
Accounts Payable | 1,000,000 | 1,400,000 |
Long-term Debt | 8,000,000 | 9,000,000 |
Common Stock | 4,000,000 | 5,000,000 |
Cash provided or used by operating activities (CFO) in the year 2005 was closest to:
Group of answer choices
A. $6,300,000.
B. $5,300,000.
C. $4,300,000.
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