Uld. Add, Using Excel to Calculate Operating Cash Flows PROBLEM The comparative balance sheets for Gale Company show these changes in noncash current asset accounts and net income for the period. Accounts receivable decrease Prepaid expenses increase Inventories increase Net income $80,000 28,000 40,000 186,000 Student Work Area Required: Provide input into cells shaded in yellow in this template. Use mathematical formulas with cell references to the Problem area. Use the SUM function with cell references to this work area for the total. Compute net cash provided by operating activities using the indirect method.
Uld. Add, Using Excel to Calculate Operating Cash Flows PROBLEM The comparative balance sheets for Gale Company show these changes in noncash current asset accounts and net income for the period. Accounts receivable decrease Prepaid expenses increase Inventories increase Net income $80,000 28,000 40,000 186,000 Student Work Area Required: Provide input into cells shaded in yellow in this template. Use mathematical formulas with cell references to the Problem area. Use the SUM function with cell references to this work area for the total. Compute net cash provided by operating activities using the indirect method.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Function: SUM; Formula: Add, Subtract; Cell Referencing
Using Excel to Calculate Operating Cash Flows
PROBLEM
The comparative balance sheets for Gale Company show these
changes in noncash current asset accounts and net income for the
period.
Accounts receivable decrease
Prepaid expenses increase
Inventories increase
Net income
$80,000
28,000
40,000
186,000
Student Work Area
Required: Provide input into cells shaded in yellow in this
template. Use mathematical formulas with cell references to the
Problem area. Use the SUM function with cell references to this
work area for the total.
Compute net cash provided by operating activities using the
indirect method.
Net income
Adjustments to reconcile net income to net
cash provided by operating activities
Net cash provided by operating activities
N
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