Question: Toggle Company reported sales of 310 000 and cost of goods

Toggle Company reported sales of $310,000 and cost of goods sold of $180,000 for 20X2. During 20X2, Toggle's accounts receivable increased by $17,000, inventory decreased by $8,000, and accounts payable decreased by $21,000.

Required
Compute the amounts to be reported by Toggle as cash received from customers, cash payments to suppliers, and cash flows from operating activities for 20X2, assuming there were no other cash flows from operations.


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  • CreatedMay 23, 2014
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