Business Cs net profit is $12,923, depreciation is $24,286, and its working investment (the total of...

 

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Business Cs net profit is $12,923, depreciation is $24,286, and its working investment (the total of accounts receivable and inventory, less accounts payable and accrued expenses) increased $9,782. It purchased fixed assets of $10,100, paid its owners $5,000 in dividends, and paid the current portion of long-term debt of $4,000. Using the Quick Cash Flow method, what amount of cash is available for other debt repayment? Business Cs net profit is $12,923, depreciation is $24,286, and its working investment (the total of accounts receivable and inventory, less accounts payable and accrued expenses) increased $9,782. It purchased fixed assets of $10,100, paid its owners $5,000 in dividends, and paid the current portion of long-term debt of $4,000. Using the Quick Cash Flow method, what amount of cash is available for other debt repayment?

Answer rating: 100% (QA)

To calculate the cash available for other debt repayment using the Quick Cash Flow method we need to ... View the full answer