urses/25927/assignments/2425774 Determine net income under each approach. Assume a 30% tax rate. LIFO FIFO Net income $ 5600 5 10500 Determine net cash provided by Operating activities under each approach. Assume that all sales were on a cash basis and that income taxes and operating expenses, other than depreciation were on a cash basis. LIFO FIFO Net cash provided by operating activities $ Calculate the quality of earnings ratio under each approach. (Round answers to 2 decimal places, eg: 5.15.) LIFO Quality of earnings ratio Attempts: 0 of 3 used Save for Later Send to Gradebook 2 SO4 SAVE YOUR WORK TO USB BEFORE SESSION ENDS 34 m/courses/25927/assignments/2425774 Instructors and students now have enhanced Dashboard to get a detailed overview.please click the Wiley PLUS Support Link from your Navigation bar. If you have any question please email us at Customer Success wiley.com Send to Gradebook Question 3 View Policies Current Attempt in Progress Skyson, Inc. sells coffee beans, which are sensitive to prestations. The following 31.2022 ntory information is alle for this product at December Unit Cost Market Coffee Bean Units Net Reliable Value Coffea wabica 13.700 bags $5.50 55.45 Coffea robusta 5.600 a 330 Calculate Syson's inventory by plying the lower-of-cost-or-market basis Skyson's inventory 5 DeL. urses/25927/assignments/2425774 Determine net income under each approach. Assume a 30% tax rate. LIFO FIFO Net income $ 5600 5 10500 Determine net cash provided by Operating activities under each approach. Assume that all sales were on a cash basis and that income taxes and operating expenses, other than depreciation were on a cash basis. LIFO FIFO Net cash provided by operating activities $ Calculate the quality of earnings ratio under each approach. (Round answers to 2 decimal places, eg: 5.15.) LIFO Quality of earnings ratio Attempts: 0 of 3 used Save for Later Send to Gradebook 2 SO4 SAVE YOUR WORK TO USB BEFORE SESSION ENDS 34 m/courses/25927/assignments/2425774 Instructors and students now have enhanced Dashboard to get a detailed overview.please click the Wiley PLUS Support Link from your Navigation bar. If you have any question please email us at Customer Success wiley.com Send to Gradebook Question 3 View Policies Current Attempt in Progress Skyson, Inc. sells coffee beans, which are sensitive to prestations. The following 31.2022 ntory information is alle for this product at December Unit Cost Market Coffee Bean Units Net Reliable Value Coffea wabica 13.700 bags $5.50 55.45 Coffea robusta 5.600 a 330 Calculate Syson's inventory by plying the lower-of-cost-or-market basis Skyson's inventory 5 DeL
