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Using the data in the tables below, compute Net Cash Flow from Operating Activities for Eureka Ruby, Inc. for Year 2 : Additional Data from
Using the data in the tables below, compute Net Cash Flow from Operating Activities for Eureka Ruby, Inc. for Year 2:
Additional Data from Company Income Statement(s):
- Sales in Year 2 = 3,737,000
- Net income in Year 2 = 77,190
- Depreciation expense in Year 1 = 253,000
- Depreciation expense in Year 2 = 299,000
Record your answer as a dollar amount with no decimal places, but do not record a dollar sign or any commas. For example, record $10,280.38 as 10280. If your answer is a negative amount, put a hyphen before the number with no space between the number and the hyphen. For example, record negative 38 as -38.
Eureka Ruby, Incorporated Balance Sheets for the Years Ending December 31, (All amounts are in dollars) Year 1 14,860 267,480 118,880 401,220 965,900 118,880 1,486,000 74,300 178,320 44,580 193,180 490,380 460,660 44,580 178,320 312,060 1,486,000 Cash Accounts receivable Inventory Total current assets Net fixed assets* Land Total assets Notes payable Accounts payable Accruals Current portion of LT Debt Total current liabilities Long-term debt Common stock Capital surplus Retained earnings Total liabilities and equity Year 2 15,050 240,800 150,500 406,350 978,250 120,400 1,505,000 60,200 150,500 60,200 210,700 481,600 466,550 60,200 195,650 301,000 1,505,000Step by Step Solution
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