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Using the data in the tables below, compute Net Cash Flow from Operating Activities for Auburn Tangerine, Inc. for Year 2: Auburn Tangerine, Incorporated
Using the data in the tables below, compute Net Cash Flow from Operating Activities for Auburn Tangerine, Inc. for Year 2: Auburn Tangerine, Incorporated Balance Sheets for the Years Ending December 31, (All amounts are in dollars) Year 1 Year 2 Cash 16,200 17,600 Accounts receivable 97,200 96,800 Inventory 153,900 176,000 Total current assets 267,300 290,400 Gross fixed assets" 631,800 686,400 (Accumulated depreciation) (121,500) (132,000) Net fixed assets 510,300 554,400 Land 32,400 35,200 Total assets 810,000 880,000
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