Timberline Inc. had the following current accounts last year. ($000) In addition, the company had sales revenues
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In addition, the company had sales revenues of $9,453,000 and costs and expenses (including interest and tax) of $7,580,000. Depreciation of $1,462,000 is included in the cost and expense figures. Construct a statement showing Timberlines Cash from Operating Activities section, including a detail of changes in balance sheetaccounts.
Transcribed Image Text:
Beginning Ending Beginning Ending Cash Accounts receivable 1,456 2,207 Accruals Inventory Current assets S 175 S 238 Accounts payable $205 $182 95 83 943 786 $2,574 $3,231 Current liabilities $300 $265
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Net Income is Revenue 9453 Less Costexpense 7580 Net Income 1873 Curren...View the full answer
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