The net income reported on the income statement of Wildhorse Co. for the current year was $1469000. Depreciation recorded on plant assets was $278000. Accounts receivable and inventories increased by $78000 and $52000, respectively. Prepaid expenses and accounts payable decreased by $6000 and $71000, respectively. How much cash was provided by operating activities during the year? $1942000. $1552000. $1620000. $1490000.

Congress Corporation's accumulated depreciation—equipment account increased by $5,000, while $3,200 of patent amortization was recognized between balance sheet dates. There were no purchases or sales of depreciable or intangible assets during the year. In addition, the income statement showed a gain of $3,800 from the sale of investments. Reconcile a net income of $56,300 to net cash flows from operating activities __________________

baghiben

The net income reported on the income statement for the current year was $282,126. Depreciation recorded on fixed assets and amortization of patents for the year were $33,351, and $9,402, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows: End Beginning Cash $37,370 $64,930 Accounts receivable 106,715 123,079 Inventories 80,207 102,432 Prepaid expenses 8,982 4,271 Accounts payable (merchandise creditors) 77,139 54,111 What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method? Select the correct answer. $303,001 $363,468 $381,785 $306,304

The year-end financial statements for North Railway report the following information: 0.46 0.41 1.74 (In millions) 0.25 Revenues Year ended December 31, Property and equipment, net Total assets Year 2 Year 1 The annual property, plant, and equipment turnover (PPET) is: $15,095 $21,967 61,250 59,510 84,122 81,703

The following details are provided by a manufacturing company: Investment Useful life Estimated annual net cash inflows for first year Estimated annual net cash inflows for second year Estimated annual net cash inflows for next ten years Residual value Product line OA. 2.74 years OB. 6.36 years O c. 6.71 years OD. 2.24 years $1,030,000 12 years $460,000 $430,000 $190,000 $50,000 Depreciation method Straight-line 12% Required rate of return Calculate the payback period for the investment. (Round your answer to two decimal places.) ...

The following information is from Lacy's Inc. $ millions Prior Fiscal Year Current Fiscal Year Net Year-End Assets Revenue Income $21,330 14,403 $18,955 $1,070 a. Compute the asset turnover ratio for the current fiscal year. b. Compute the return on assets ratio for the current fiscal year. Numerator a. Asset Turnover Ratio $ Check b. Return on Assets Ratio $ Numerator Denominator / $ Denominator / $ || Result Result

Denger

Assume a company had net income of $79,000 that included a gain on the sale of equipment of $4,000. It provided the following excerpts from its balance sheet:    This Year Last Year Current assets:     Accounts receivable $ 40,000 $ 46,000 Inventory $ 53,000 $ 50,000 Prepaid expenses $ 13,000 $ 11,000 Current liabilities:     Accounts payable $ 38,000 $ 44,000 Accrued liabilities $ 18,000 $ 15,000 Income taxes payable $ 13,000 $ 10,000 If the credits to the company’s accumulated depreciation account were $21,000, then based solely on the information provided, the company’s net cash provided by (used in) operating activities would be:   Multiple Choice   $63,000.   $55,000.   $105,000.   $97,000.

Inc. reported the following data for last year: Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash $ 126,000 $ 131,000 Accounts receivable 332,000 488,000 Inventory 576,000 476,000 Plant and equipment, net 896,000 875,000 Investment in Tesla Inc. 396,000 427,000 Land (undeveloped) 253,000 246,000 Total assets $ 2,579,000 $ 2,643,000 Liabilities and Stockholders' Equity Accounts payable Long-term debt $ 380,000 1,013,000 1,186,000 $ 340,000 1,013,000 1,290,000 Stockholders' equity Total liabilities and stockholders' equity $ 2,579,000 $ 2,643,000 Inc. Income Statement Sales $ 5,265,000 4,317,300 947,700 Operating expenses Net operating income Interest and taxes: Interest expense Tax expense Net income $ 123,000 210,000 333,000 $ 614,700 Inc. paid dividends of $510,700 last year. The "Investment in Tesla Inc." item on the balance sheet represents an investment in the stock of another company. The company's minimum required rate of return is 15%. What was the company's…