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Using the information below what was bala industries cash flow from financing for the year ending 6/30/2011. Increase inventories $26 Purchased treasury stock $23 purchased

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Using the information below what was bala industries cash flow from financing for the year ending 6/30/2011.

Increase inventories $26

Purchased treasury stock $23

purchased property and equip $15

Net Income $337

Decrease in accrued income tax $44

Depreciation and amortization $119

Decrease in account payable $11

Increase in accounts receivable $31

Increase in long term debts $103

image text in transcribed Delta Ray Brands Corp just completed their latest fiscal year. The firm had sales of $16,619,100. Depreciation and amortization was $867,700, interest expense for the year was $812,400, and selling general and administration expenses totaled $1,485,600 for the year, and cost of goods sold was $10,195,400 for the year. Assuming a federal income tax rate of 34%, what was the delta ray brand net income after tax? Answer: Using the information below - what was bala industries cash flow from financing for the year ending 6/30/2011. Increase in inventories $26 Purchased treasury stock $23 Purchased property & equip $15 Net income $337 Decrease in Accrued income tax $44 Depreciation & amortization $119 Decrease in accts payable $11 Increase in accts receivable $31 Increase in long term debt $103

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