Question: Manuel Inc reported net income of 2 5 million in 2014
Manuel, Inc. reported net income of $2.5 million in 2014. Depreciation for the year was $160,000, accounts receivable decreased $350,000, and accounts payable decreased $280,000. Compute net cash provided by operating activities using the indirect approach.
Answer to relevant QuestionsThe net income for Freeman Co. for 2014 was $280,000. For 2014, depreciation on plant assets was $70,000, and the company incurred a loss on disposal of plant assets of $28,000. Compute net cash provided by operating ...Suppose Canwest Global Communications Corp. reported net cash used by operating activities of $104,539,000 and sales revenue of $2,867,459,000 during 2014. Cash spent on plant asset additions during the year was $79,330,000. ...Edelman Corporation issued the following statement of cash flows for2014.Suppose presented below is 2014 information for PepsiCo, Inc. and The Coca-Cola Company.InstructionsUsing the cash-based measures presented in this chapter, compare the(a) Liquidity and (b) Solvency of the twocompanies.Thornton Company’s income statement contained the condensed information below.Thornton’s balance sheet contained the comparative data at December 31.Accounts payable pertain to operating expenses.InstructionsPrepare ...
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