The account balances for the non-cash current assets and current liabilities of Kid - game Software Inc. are as follows: December 31 2023 2022 Accounts receivable $ 117,000 $92,500 Inventory 83,200 105,000 Prepaid expenses 49,400 42,500 Totals $ 249,600 $240,000 Accounts payable $ 75,000 $57,500 Salaries payable 22,500 32,500 Interest payable 42, 500 35,000 Totals $ 140,000 $125,000 During 2023, Kid - game Software Inc. reported depreciation expense of $47,000. All purchases and sales are on account. Profit for 2023 was $243,000. Required: 1. Prepare the operating activities section of the statement of cash flows using the indirect method. (List any deduction in cash and cash outflows as negative amounts.)

The following information has been extracted from the financial statements and notes of Spring Ltd.   2020 2019 Cash and Cash Equivalents 60,600 59,700 Account Receivable(net) 130,800 128,900 Account Payable 54,700 52,900 Revenue 780,000 750,000 Cost of Goods Sold 450,500 445,500 Profit 65,500 58,500 Inventory 234,700 215,300 Total assets 580,000 590,000 Current Liabilities 250,900 265,700 Total liabilities 300,000 330,000 Short-term investments 67,400 75,900   Based on the above information calculate the following ratios: 1) Return on assets for 2020. 2) Profit Margin ratio for 2020.  3) Debt to assets ratio for 2020. 4) Acid-test ratio for 2020. 5) Inventory Turnover ratio for 2020.

Madigan Pets Supply Inc. has the following account balances at December 31, 2022 and 2023:   December 31, 2023 December 31, 2022 Cash $1,200,000 $1,050,000 Notes Receivable $300,000 $100,000 Plant Asset (net) 300,000 100,000 Long Term Security Investments $150,000 250,000 Bonds Payable $550,000 $350,000 Common Stock 300,000 120,000 Additional Paid-in Capital 50,000 20,000 Retained Earnings 200,000  150,000 Dividends Declared and Paid 24,000 18,000 Depreciation Expense (annual) 50,000 50,000 Long-term Intangible Assets(net) $8,000 $12,000 Amortization Expense (annual) $6,000 $8,000 Additional information:2023 plant asset acquisitions were paid in cash.No plant assets were sold during 2023.$30,000 of the notes receivable were collected during 2023.No common stock was retired during 2023.$50,000 in bonds were retired in 2023. All bonds were issued at par value. Using the indirect…

Ramakrishnan, Incorporated, reported 2024 net income of $20 million and depreciation of $3,400,000. The top part of Ramakrishnan, Incorporated’s 2024 and 2023 balance sheets is reproduced below (in millions of dollars):   2024 2023   2024 2023 Current assets:     Current liabilities:     Cash and marketable securities $ 25 $ 26 Accrued wages and taxes $ 43 $ 35 Accounts receivable 98 92 Accounts payable 69 60 Inventory 170 144 Notes payable 60 55 Total $ 293 $ 262 Total $ 172 $ 150 Calculate the 2024 net cash flow from operating activities for Ramakrishnan, Incorporated. Note: Enter your answer in dollars not in millions. done

Windsor Inc., a greeting card company, had the following statements prepared as of December 31, 2020. WINDSOR INC.COMPARATIVE BALANCE SHEETAS OF DECEMBER 31, 2020 AND 2019     12/31/20   12/31/19 Cash   $6,100     $7,100   Accounts receivable   62,400     51,000   Short-term debt investments (available-for-sale)   34,700     18,100   Inventory   40,400     60,300   Prepaid rent   4,900     4,000   Equipment   154,100     130,600   Accumulated depreciation—equipment   (34,900 )   (24,800 ) Copyrights   46,400     49,800   Total assets   $314,100     $296,100                 Accounts payable   $46,500     $40,200   Income taxes payable   4,000     6,000   Salaries and wages payable   8,100     4,100   Short-term loans payable   7,900     10,100   Long-term loans payable   59,600     68,400   Common stock, $10 par   100,000     100,000   Contributed…

Janice Wong has extracted the following information from her income statement and balance sheet for 2021 and 2020:   2021 2020 Profit After Tax $687,511 $665,763 Cash at Bank $109,805 $102,213 Mortgage payable this year $21,488 $31,995 Inventory $39,432 $42,929 Accounts payable $128,057 $121,309 Accounts receivable (trade debtors) $444,563 $393,798 Mortgage payable in 5 years time $516,150 $633,164 Owner's Equity  $1,479,443 $1,096,378   Based on the information provided, calculate the Return on Equity for 2021.

Ramakrishnan, Incorporated, reported 2024 net income of $40 million and depreciation of $2,900,000. The top part of Ramakrishnan, Incorporated's 2024 and 2023 balance sheets is reproduced below (in millions of dollars): 2024 2023 2024 2023 Current assets: Current liabilities: Cash and marketable securities Accounts receivable $ 45 $ 16 85 Inventory 161 82 124 Accrued wages and taxes Accounts payable Notes payable $ 28 $ 25 89 85 85 80 Total $ 291 $ 222 Total $ 202 $ 190 Calculate the 2024 net cash flow from operating activities for Ramakrishnan, Incorporated. Note: Enter your answer in dollars not in millions. Net cash flow