The following is financial information for three companies: Required For each of the above companies, calculate the
Question:
The following is financial information for three companies:
Required
For each of the above companies, calculate the cash flow from operations using the indirect method.
Transcribed Image Text:
Sales revenue Cost of goods sold Selling and administrative expenses Depreciation expense Interest expense Income tax expense Dividends paid Increase/(Decrease) in Accounts receivable Inventory Property, plant, and equipment Accounts payable Interest payable Income tax payable Notes payable Common shares Joulie Ltd. $456,000 252,000 78,000 8,400 3,600 21,600 8,400 (3,000) 4,800 60,000 4,200 (1,800) 3,000 24,000 36,000 Mansour Ltd. $690,000 396,000 114,000 21,600 1,200 42,000 6,000 6,000 (9,600) (12,000) (7,800) 1,400 (1,800) (48,000) (6,000) Warren Ltd. $1,123,200 744,000 126,000 33,600 2,400 54,000 30,000 (10,200) 16,800 72,000 5,040 (600) 7,800 12,000 (96,000)
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Related Book For
Understanding Financial Accounting
ISBN: 9781119715474
3rd Canadian Edition
Authors: Christopher D. Burnley
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