Year Ended 2019 Year Ended 2020 Change Sales 2000 2500 500 Cost of Goods Sold 1600 2100 500 Gross Profit 400 400 0 Depreciation 20 25 5 Other Operating Expenses 80 175 95 Gain on sale of assets 10 Net Income 300 210 -90 20 40 20 Account Receivable Account Payable 30 25 -5 Inventory 15 25 10 Equipment 100 130 30 less: Accumulated Depreciation -50 -70 -20 DISNEY PURCHASE A NEW EQUIPMENT FOR $40 What is the operating cashflow of 2020? Answer for part 1 what is the cash received from customers in 2020? Answer for part 2 What is the cash paid for suppliers in 2020? Answer for part 3 Calculate the Payables turnover ratio which equals (Purchases /Average trade payable) Answer for part 4 What is the gross profit margin of 2020? Answer for part 5 What is the book value of the sold equipment? Answer for part 6 What is the historical cost of the sold equipment? Answer for part 7 What is the accumulated depreciation on the sold equipment Answer for part 8 What is the selling price for the sold equipment Answer for part 9 What is the cash flow from investment activities? Answer for part 10