Question

Sawadi Thai Restaurant had sales of $880,000, all received in cash. Total operating expenses were $580,000. All except depreciation were paid in cash. Depreciation of $90,000 was included in the $580,000 of operating expenses. Ignore income taxes.
1. Compute net income and net cash provided by operating activities.
2. Assume that nondepreciation expenses are the same as in part 1 but that depreciation is tripled.
Compute net income and net cash provided by operating activities.



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  • CreatedFebruary 20, 2015
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