Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Squat XFit Inc. reported the following activities and select balance sheet items ($ in millions). Select results during year ending December 31, 2020 Revenue 453.2

Squat XFit Inc. reported the following activities and select balance sheet items ($ in millions).

Select results during year ending December 31, 2020
Revenue 453.2
Interest expense 12.5
Depreciation expense 43.2
Stock based compensation 12.5
Tax rate 40%
Net income 134.5

Balances as of: 12/31/2019 12/31/2020
Accounts payable 120.5 130.5
Accounts receivable 74.8 82.4
Common Stock & APIC 146.4 163.5
Deferred revenue 453.0 532.0
Inventory 132.6 143.2
Current portion of debt 214.0 275.0
Net PP&E 212.7 246.0
Pre-paid expenses 50.0 35.0
Treasury stock (112.3) (123.2)
Accrued wages 67.8 72.5
Other comprehensive income 12.1 13.5

Calculate cash flow from operations for the year ending 12/31/2020:

A. $204.7 million

B. $250.7 million

C. $271.3 million

D. $280.7 million

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_2

Step: 3

blur-text-image_3

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

Auditing Oracle E Business Suite Common Issues

Authors: Jeffrey T. Hare

1st Edition

1329529766, 978-1329529762

More Books

Students also viewed these Accounting questions

Question

1. Define and explain culture and its impact on your communication

Answered: 1 week ago