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6 Chrome File Edit View History Bookmarks People Window Help $136? )3 '4? 50% I E Fri 2:14 PM Q 9 EE r s . O . u help me pleasehelp me pleasei xym WileyPLUS x E Kelvin (- C' 6 Secure https://edugen.wileyplus.com/edugen/student/mainfr.uni a * O G 5 . WileyPLu MHwilalILus | Lalg | C be! u Log Out WlleyPLUS Kimmei, Announklng: Innis lnr Enslnels Deelslon Making, 5e FINANCIAL AND MANAGERIAL ACCOUNTING ( ) 4i CALCULATOR SYANDARD vIEw PNIN'IER VERSION 3 '2? 50% - E Fri 2:15 PM Q e E r a . O . u help me pleasehelp me pleasel xym WileyPLUS x E Kelvin (- C' 6 Secure https://edugen.wileyplus.com/edugen/student/mainfr.uni a * O G 5 WIIeyPLU MHWIICPLUS | Nalg | C be! H Lug Out WileyPLUS Kimmei, Announklng: Tools lnr Enslnels neeision Making, 5e FINANCIAL AND MANAGERIAL ACCOUNTING ( ) 4i CALCULATOR SYANDARD vIEw PNIN'IER VERSION 1 BACK m Assmmw RESOURCES Sales revenue 5 .79 , 00 cneprer 12 cosr 0fqoods sold Homework 3 I I W maa? "'7 $2,385,600 R Lelrier Exercise Paralases 4 386 300 ? coeds avallable 6,771,900 Brief Exercise fur sale ? Erliding :ifvenrsry 1 519 900 _ Tera cost go s Exerc e 12 2 sold 5 152 100 Gross prot 2,545,300 opararlng expansee selling expenses 492,100 Problem 12-4A exx'fglsn'" 711 400 1 203 500 Problem 1 Pm Level Net income 31 442 300 Suhm'sslan ' Addirional innirmarion: nevlevv score m,\" 1 Accounts renalvable decreased $429,700 during me year, and lnvenoory deereesed $755,000. m 2 Prepaid expenses increased $150,700 durlng the years 5\"\6 Chrome File Edit View History Bookmarks People Window Help $1210= >3 '2? 50% - E Fri 2:15 PM Q e E r x . O . u help me pleasehelp me pleasei xym WileyPLUS x D Kelvin (- C' I 6 Secure https://edugen.wileyplus.com/edugen/student/mainfr.uni a * O G 5 WIIeyPLU MHWIICPLIJS | Nalg | C be! H Lug Out. WileyPLUS Kimmel, Accounting: Tools tor Business Decision Making, 5e FINANCIAL AND MANAGERIAL ACCOUNTING ( ) 4i CALCULATOR SYANDARD vIEw PNIN'IER VERSION , BACK m aggm'gggi mean. 12.\" an m 12 The income statement of Pamn Company is presented here. Homework Assignment (1 Brief Exercise 1 3 sales revenue $7,666,000 BM Emma Cost of goods sold Q . swim\" $2,368,000 Exerc e 12-2 Inventory Purchases 4 493 500 Goods available 6 861 600 for sale ' ' Endlng inventory 1 409 500 -robiem 12-4 \"it? met ofgonds 5 452 100 Problem 12~7A 5 (pm We. Gross prot 2,213,900 Submission) Operating expenses I s Selling expenses 442,100 lav Cw Cora Administrative My,\" expenses 750 200 1 192 :00 Result: l1! sud Net lnoome 1 021 500 Obimiva Additional information: . Accounts receivable decreased $402,500 during one year, and inveneory decreased 950,500. . Prepaid expenses increased $152,900 during the year. . Accounts payable ta suppliers or merenandise decreased $353,400 during the year. Accrued expenses payable decreased $109,100 during the year. . Administrative expenses include depreciation expense of $150,300. mpmnn Prepare the operating activities section of the statement of cash ows using the direct method. (Show amounts that decrease cash ow with either a - sign a 45,000 or in parenthesis e.g. (15,000).) PAXSDN COMPANV Pa statement of Cash Flows For the Vear Ended November 30, 2014 [:1 :J t C1,:J :J t [Z (Z; Click if you would like to Show work for this question: open Show Work ; Show All x ' inventory answers.xlsx :alculate the current ratio after adjusting for the LIFO reserve. (Round answer to 2 decimal places, e.g. 5.12.) Fhe current ratio after adjusting for the LIFO reserve. :1 Problem 6-7A (Part Level Submission) Suppose this information (in millions) is available for the Automotive and Other Operations Divisions of General Motors Corporation for a recent year. General Motors uses the LIFO inventory method. Beginning Inventory $13,681 Ending inventory 14,995 LIFO reserve 1,076 Current assets 58,170 Current liabilities 69,213 Cost of goods sold 162,906 Sales revenue 173,336