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Use the following information to answer the questions below. Each of these questions is worth 4 points. Below are balance sheet and income statement data
Use the following information to answer the questions below. Each of these questions is worth points.
Below are balance sheet and income statement data for Judy Maxwell Company. Note: For the balance sheet data, the endofyear information is in the left column.
Balance Sheet:
Income Statement:
tabletableIncome StatementtableRevenuesCost of Goods Sold,,SG&A Expense,$Depreciation Expense,$Gain on Sale of Equipment,tableIncome Tax Expense$Net Income:,
Additional Information:
The company purchased new equipment during using cash.
The company did not take out or pay off any bank loans in
Obsolete equipment was sold during The equipment was originally purchased for $
The company issued $ worth of new bonds in
All accounts payable relate to inventory purchases.
SG&A stands for "Selling, General, and Administrative."
Questions
a Compute the amount of Cash Received from Customers in
A
b Compute the amount of Cash Paid for Inventory Purchases in
A
c Compute the amount of Cash Paid for SG&A Costs in times
d Compute the total CASH FROM OPERATING ACTIVITIES in
e What was the amount of cash received from SELLING old equipment in
f Compute the total CASH USED IN INVESTING ACTIVITIES in X
g Compute the CASH PAID FOR DIVIDENDS in
h Compute the CASH RECEIVED FOR ISSUING STOCK in
A
I. Compute the total CASH FROM FINANCING ACTIVITIES in
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