Answered step by step
Verified Expert Solution
Question
1 Approved Answer
What is the cash flow from operating activity in 2019? Freeman Inc. reported the following financial statements for the last two years. Freeman, INC 2019
What is the cash flow from operating activity in 2019? Freeman Inc. reported the following financial statements for the last two years. Freeman, INC 2019 Income statement Sales Cost of goods sold Selling and administrative Depreciation 809,200 323,110 153,400 96,343 EBIT Interest 236,347.00 53,220 Taxes Net Income Dividends Addition to retained earnings 183,127.00 36,625 2 ? 128,302 Freeman, INC Balance Sheet as of December 31 2019 2018 Cash 16,302 Account receivables 16,849 Inventory 23,875 57,026 415,289 472,315 Current assets Net fixed asset Total assets 2019 18,143 19,527 28,614 66,284 498,312 564,596 Account payable Long-term deb Owner's equis Total liability and ownetts equity 29,342 165,300 ? 32,978 179,400 ? 472,315 564,596
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