Question: During 2011 Pilch Corporation had a net income of 216 000
During 2011, Pilch Corporation had a net income of $216,000. Included on its income statement were depreciation expense of $24,000 and amortization expense of $2,700. During the year, accounts receivable decreased by $12,300, inventories increased by $8,100, prepaid expenses decreased by $1,500, accounts payable decreased by $21,000, and accrued liabilities decreased by $2,550. Use the indirect method to determine net cash flows from operating activities.
Answer to relevant QuestionsDuring 2011, Randy, Inc., purchased land for $563,000. It paid $188,000 in cash and signed a $375,000 mortgage for the rest. The company also sold equipment that originally cost $135,000, on which it had $105,000 of ...In 2011, Hnat Corporation had year-end assets of $600,000, sales of $825,000, net income of $70,000, net cash flows from operating activities of $98,000, dividends of $30,000, purchases of plant assets of $125,000, and sales ...The comparative statements of cash flows for Cole Corporation, a manufacturer of high-quality suits for men, follow. To expand its markets and familiarity with its brand, the company attempted a new strategic diversification ...Jerry Mak, a certified public accountant, has just given his employer Kevin Roll, the president of Roll Print Gallery, Inc., the following income statement.Roll Print Gallery, Inc.Income StatementFor the Year Ended December ...Using the information for Otis, Inc., in SE 6, SE 7, and SE 9, computes cash flow yield, cash flows to sales, cash flows to assets, and free cash flow for 2011 and 2012. Net cash flows from operating activities were $42,000 ...
Post your question