A company's income statement showed the following: net income, $146,800; depreciation expense, $35,400, and gain on sale of plant assets, $16,700. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $11,200; merchandise inventory increased $21,600; prepaid expenses decreased $8,000; accounts payable increased $4,600. Calculate the net cash provided or used by operating activities. a. $196,700. b. $8,000. c. $166,000. d. $173,000. e. $167,700.

Please provide answer the following requirements

Additionally, the company informed the following: Net income = $156,042 Sales = $4,063,589 Determine the following values ​​for the company: Total asset turnover ratio _____________ Fixed asset turnover ratio _____________

A company's income statement showed the following: net income, $134,000; depreciation expense, $30,000; and gain on sale of plant assets, $4,000. An examination of the company's current assets and current liabilities showed the following changes: accounts receivable decreased $9,400; merchandise inventory increased $18,0003; prepaid expenses increased $6,200; accounts payable increased $3,400. Calculate the net cash provided or used by operating activities. A) $156,600. B) $141,000. C) $96,600. D) $148,600. E) $88,600. OD O A OB O E

In its income statement for the year ended December 31, 2025, Crane Inc. reported the following condensed data. Operating expenses Cost of goods sold Interest expense Income tax expense $711,000 1,247,000 61,000 38,000 Interest revenue Loss on disposal of plant assets Sales revenue Sales discounts $ 24,000 8,000 2,333,000 164,000 Prepare a multiple-step income statement. (List Other revenue and gains before Other expenses and losses.) CRANE INC. Income Statement For the Year Ended December 31, 2025

The income statement disclosed the following items for the year: Line Item Description Amount Depreciation expense $43,900 Gain on disposal of equipment 25,610 Net income 292,200 The changes in the current asset and liability accounts for the year are as follows: Line Item Description Increase (Decrease) Accounts receivable $6,840  Inventory (3,890) Prepaid insurance (1,460) Accounts payable (4,640) Income taxes payable 1,460  Dividends payable 1,020  Question Content Area a. Prepare the "Cash flows from (used for) operating activities" section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments. blankStatement of Cash Flows (partial) Line Item Description Amount Amount Cash flows from (used for) operatingactivities:       $Net income   Adjustments to reconcile net incometo net cash flows from (used for) operating…

In its income statement for the year ended December 31, 2022, Metlock, Inc. reported the following condensed data. Operating expenses Cost of goods sold Interest expense (a) $709,000 1,250,000 73,000 Interest revenue Loss on disposal of plant assets Net sales Other comprehensive income $32,000 19,000 2,187,000 8,500 Prepare a multiple-step income statement. (List other revenues before other expenses) Metlock, Inc. Income Statement

solve my general accounting question

In its income statement for the year ended December 31, 2022, Crane Company reported the following condensed data. Salaries and wages expenses   $381,300   Loss on disposal of plant assets   $ 68,470 Cost of goods sold   809,340   Sales revenue   1,812,200 Interest expense   58,220   Income tax expense   20,500 Interest revenue   53,300   Sales discounts   131,200 Depreciation expense   254,200   Utilities expense   90,200 Prepare a multiple-step income statement. (List other revenues before other expenses.)

An analysis of the transactions of Rutherford Company for the year ended December 31, yieldsthe following information: sales revenue, $65,000; insurance expense, $4,300; interest income,$3,900; cost of goods sold, $28,800; and loss on disposal of property, plant, and equipment,$1,200.Required:Prepare a single-step income statement.