Question: Intro Below is the balance sheet for Rumble Clock Inc. for December 31 of 2019 and 2020. 2019 2020 2019 2020 Cash Accounts receivable Inventory

Intro Below is the balance sheet for Rumble Clock Inc. for December 31 of 2019 and 2020. 2019 2020 2019 2020 Cash Accounts receivable Inventory Current assets 950 1,050 2,850 3,150 2,850 3,150 6,650 7,350 12,350 13,650 19,000 21,000 Accounts payable 2,850 3,150 Current liabilities 2,850 3,150 Long-term debt 5,700 6,300 Total liabilities 8,550 9,450 Equity 10,450 11,550 Total liab. & equity 19,000 21,000 Net fixed assets Total assets The income statement for 2020 is also given: Amount Sales 50,400 Cost Depreciation EBIT 27,720 7,560 15,120 5,040 2,520 7,560 Interest Taxes Net income Part 1 - Attempt 1/10 for 10 pts. What was the cash flow from assets in 2020? 0+ decimals Submit
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
