Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Using the financial data in the table below, compute Net Cash Flows from Operating Activities for Operco-1, Inc. for Year-2. Operco-1, Inc. Balance Sheets
Using the financial data in the table below, compute Net Cash Flows from Operating Activities for Operco-1, Inc. for Year-2. Operco-1, Inc. Balance Sheets for the Years Ending December 31, Year-1 Year-2 Cash 4,680 5,060 Accounts receivable 28,080 27,830 Inventory 44.460 50,600 Total current assets 77,220 83,490 Gross fixed assets* 182,520 197,340 (Accumulated depreciation) (35,100) (37,950) Net fixed assets 147,420 159,390 Land 9,360 10,120 Total assets 234,000 253,000 Notes payable 7,020 5,060 Accounts payable 21,060 20,240 Accruals 2,340 7,590 Current portion of LT Debt 16,380 20,240 Total current liabilities 46,800 53,130 Long-term debt 51,480 53,130 Common stock 42,120 45,540 Paid in capital 11,700 12,650 Retained earnings 81,900 88,550 Lilition and equity 234,000 253,000 Total assets 234,000 253,000 Notes payable 7,020 5,060 Accounts payable 21,060 20,240 Accruals 2,340 7,590 Current portion of LT Debt 16,380 20,240 Total current liabilities 46,800 53,130 Long-term debt 51,480 53,130 Common stock 42,120 45,540 Paid in capital 11,700 12,650 Retained earnings 81,900 88,550 Total liabilities and equity 234,000 253,000 Additional Data from Income Statement: Sales Net income * Year-1 468,000 9,360 Year-2 506,000 10,120 No long-term assets were sold in either Year-2 or Year-2 Record your answer as a dollar rounded (if necessary) to the n do not include a dollar sign or any commas in your answer. Al negative value, place a hyphen (i.e., -) before your answer wit - and the number. For example, record negative $23,426.923
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started