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What is net cash provided by operating activities? Balance sheets Income statement, 2018 120,000,000 64,000,000 56,000,000 Assets Cash Accounts receivable Investments Inventory Buildings Accumulated depreciation
What is net cash provided by operating activities?
Balance sheets Income statement, 2018 120,000,000 64,000,000 56,000,000 Assets Cash Accounts receivable Investments Inventory Buildings Accumulated depreciation Land Total assets Liabilities +stockholders'equity Accounts payable Unearned revenue Interest payable Notes payable Total liabilities Common stock Retained earnings Total liabilities +stockholders' equity 2018 56,415,000 19,300,000 20,000,000 2017 Sales revenue Cost of goods sold Gross profit Operating expenses Salaries expense 13,000,000 4,500,000 30,000,000 78,000,000 100,000,000 56,000,000 (38,000,000)(35,000,000) 20,000,000 265,715,000188,500,000 4,400,000 2,500,000 2,000,000 47,100,000 R&D expense Depreciation expense 100,000,000 30,000,000 Operating income Other items Loss on sale of investments (6,000,000) (10,000,000) 31,100,000 10,885,000 20,215,000 6,000,000 1,000,000 2,000,000 50,000,000 59,000,000 50,000,000 79,500,000 265,715,000 188,500,000 7,000,000 Interest expense Pretax income Income taxes Net income 2,000,000 110,000,000 119,000,000 50,000,000 96,715,000 Cash dividends of $3 million were paid this yearStep by Step Solution
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