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The Hamada Company sales for 2013 totaled $155,000 and purchases totaled $83,000. Selected January 1, 2013 balances were: accounts receivable, $19,800; inventory, $14,100; and accounts
The Hamada Company sales for 2013 totaled $155,000 and purchases totaled $83,000. Selected January 1, 2013 balances were: accounts receivable, $19,800; inventory, $14,100; and accounts payable, $11,600. December 31, 2013 balances were: accounts receivable, $14,300; inventory, $17,000; and accounts payable, $14,500. Net cash flows from these activities were: |
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