net cash provided by operating activities

timer Asked: Oct 13th, 2014
account_balance_wallet $5

Question description

Net Income......75000 Sales Revenue.....450000 COGS ( except dep)...275000 dep expense...50000 amortization of intangible assets...20000 interest on short term debt for yr...5200 dividends declared and paid...3500 selected account balances: Accounts rec. beg bal 22000 end of yr 15000 inventory beg bal. 3500 end of yr 40000 acc pay beg. bal. 47500 end of yr 52000 interest pay beg bal. 1200 end of yr 400 using the indirect method/ then direct method compute the net amount of cash provided by (used in) operating activities for the year

Tutor Answer

University of Virginia

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Outstanding Job!!!!

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