Item Prior year Current year Accounts payable 8,142.00 7,800.00 Accounts receivable 6,080.00 6,533.00 Accruals 1,000.00 1,591.00 Cash ??? ??? Common Stock 10,841.00 12,035.00 COGS 12,636.00 18,261.00 Current portion long-term debt 5,012.00 4,989.00 Depreciation expense 2,500 2,763.00 Interest expense 733 417 Inventories 4,255.00 4,779.00 Long-term debt 14,380.00 13,783.00 Net fixed assets 51,230.00 54,549.00 Notes payable 4,365.00 9,899.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,008.00 30,075.00 Sales 35,119 45,203.00 Taxes 2,084 2,775 What is the firm's cash flow from operations?
Item Prior year Current year Accounts payable 8,142.00 7,800.00 Accounts receivable 6,080.00 6,533.00 Accruals 1,000.00 1,591.00 Cash ??? ??? Common Stock 10,841.00 12,035.00 COGS 12,636.00 18,261.00 Current portion long-term debt 5,012.00 4,989.00 Depreciation expense 2,500 2,763.00 Interest expense 733 417 Inventories 4,255.00 4,779.00 Long-term debt 14,380.00 13,783.00 Net fixed assets 51,230.00 54,549.00 Notes payable 4,365.00 9,899.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,008.00 30,075.00 Sales 35,119 45,203.00 Taxes 2,084 2,775 What is the firm's cash flow from operations?
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter6: Receivables And Inventories
Section: Chapter Questions
Problem 6.2MBA: Allowance method Using transactions listed in £6-S. indicate the effects of each transaction on the...
Related questions
Question
100%
Item | Prior year | Current year |
Accounts payable | 8,142.00 | 7,800.00 |
Accounts receivable | 6,080.00 | 6,533.00 |
Accruals | 1,000.00 | 1,591.00 |
Cash | ??? | ??? |
Common Stock | 10,841.00 | 12,035.00 |
COGS | 12,636.00 | 18,261.00 |
Current portion long-term debt | 5,012.00 | 4,989.00 |
Depreciation expense | 2,500 | 2,763.00 |
Interest expense | 733 | 417 |
Inventories | 4,255.00 | 4,779.00 |
Long-term debt | 14,380.00 | 13,783.00 |
Net fixed assets | 51,230.00 | 54,549.00 |
Notes payable | 4,365.00 | 9,899.00 |
Operating expenses (excl. depr.) | 13,977 | 18,172 |
28,008.00 | 30,075.00 | |
Sales | 35,119 | 45,203.00 |
Taxes | 2,084 | 2,775 |
What is the firm's
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Recommended textbooks for you
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning