Question: Using the data in the tables below, compute Net Cash Flow from Operating Activities for Purple Scape, Inc. for Year 2: Purple Scape, Incorporated
Using the data in the tables below, compute Net Cash Flow from Operating Activities for Purple Scape, Inc. for Year 2: Purple Scape, Incorporated Balance Sheets for the Years Ending December 31, (All amounts are in dollars) Year 1 Year 2 Cash 4,680 5,060 Accounts receivable 28,080 27,830 Inventory 44,460 50,600 Total current assets 77,220 83,490 Net fixed assets* 156,780 169,510 Total assets 234,000 253,000 Notes payable 7,020 5,060 Accounts payable 21,060 20,240 Accruals 2,340 7,590 Total current liabilities 30,420 32,890 Long-term debt 56,160 53,130 Common stock 49,140 58,190 Capital surplus 11,700 15,180 Retained earnings 86,580 93,610 Total liabilities and equity 234,000 253,000 Additional Data from Company Income Statement(s): Sales in Year 2 = 544,000 Net income in Year 2 = 9,550 Depreciation expense in Year 1 = 18,070 Depreciation expense in Year 2 = 22,300
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