The financial statements of Wines, Inc., provide the following information for the current year: Dec.31 ($) Jan.1
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Question:
The financial statements of Wines, Inc., provide the following information for the current year:
Dec.31 ($) | Jan.1 ($) | |
Accounts receivable | 210,000 | 180,000 |
Inventory | 200,000 | 190,000 |
Prepaid expenses | 14,000 | 10,000 |
Accounts payable (for merchandise) | 176,000 | 161,000 |
Accrued expenses payable | 13,000 | 19,000 |
Net sales | 2,900,000 | |
Cost of goods sold | 1,500,000 | |
Operating expenses (including depreciation of $40,000) | 300,000 |
Wine's net cash flow from operating activities for the current year is:
A. $1,105,000
B. $1,375,000
C. $1,495,000
D. Some other amount
Related Book For
An Introduction to Management Science Quantitative Approaches to Decision Making
ISBN: 978-1111823610
14th edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
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