1. Write the Ratio/ Equation to be used, IF REQUIRED 2. Substitute the given 3. Solution (Solve for the ask) 4. Label your answer and solution properly (Peso sign, write "days" "times or x", %) 4. Double rule your answer The following pieces of information are available from the current period financial statements: Net income P 150,000 Amortization expense P 28,000 Increase in supplies P 16,000 Decrease in notes payable P 21,000 The net cash flow from operating activities using the indirect method is
1. Write the Ratio/ Equation to be used, IF REQUIRED 2. Substitute the given 3. Solution (Solve for the ask) 4. Label your answer and solution properly (Peso sign, write "days" "times or x", %) 4. Double rule your answer The following pieces of information are available from the current period financial statements: Net income P 150,000 Amortization expense P 28,000 Increase in supplies P 16,000 Decrease in notes payable P 21,000 The net cash flow from operating activities using the indirect method is
Corporate Financial Accounting
15th Edition
ISBN:9781337398169
Author:Carl Warren, Jeff Jones
Publisher:Carl Warren, Jeff Jones
Chapter14: Financial Statement Analysis
Section: Chapter Questions
Problem 14.7BE: To determine: Times interest earned ratio Given info: Income before income tax and interest expense....
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![1. Write the Ratio/ Equation to be used, IF
REQUIRED
2. Substitute the given
3. Solution (Solve for the ask)
4. Label your answer and solution properly (Peso
sign, write "days" "times or x", %)
4. Double rule your answer
The following pieces of information
are available from the current period
financial statements:
Net income
P 150,000
Amortization expense
P 28,000
Increase in supplies
P 16,000
Decrease in notes payable
P 21,000
The net cash flow from operating
activities using the indirect method is](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F26910143-7f2e-4a1e-8144-d5a863386876%2F5bc12ec9-6c9d-49ce-9703-186e882d781f%2Fuzxtd7_processed.png&w=3840&q=75)
Transcribed Image Text:1. Write the Ratio/ Equation to be used, IF
REQUIRED
2. Substitute the given
3. Solution (Solve for the ask)
4. Label your answer and solution properly (Peso
sign, write "days" "times or x", %)
4. Double rule your answer
The following pieces of information
are available from the current period
financial statements:
Net income
P 150,000
Amortization expense
P 28,000
Increase in supplies
P 16,000
Decrease in notes payable
P 21,000
The net cash flow from operating
activities using the indirect method is
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