5. Using the information above, what is the cash flow from operating activities?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Net sales
Less: Cost of goods sold
Less: Depreciation
Earnings before interest and taxes
Less: Interest paid
Taxable Income
Less: Taxes
Net income
Cash
Accounts rec.
Inventory
Sub-total
Galaxy United, Inc.
2009 Income Statement
Net fixed assets
Total
$627,800
521,400
11.200
95,200
10,100
$85,100
28,900
$56,200
Galaxy United, Inc.
2008 and 2009 Balance Sheets
2008
2009
$17,000 $24,700 Accounts payable
54,100 56,700
Long-term debt
189,400
186,700
Common stock*
$260,500 $268,100
Retained earnings
261,300 279,400
$521,800 $547,500 Total
2008
2009
$128,600 $134,700
147,500 141,000
125,000 140,000
120,700 131,800
$521,800 $547,500
*The par value of the common stock is $1 per share.
5. Using the information above, what is the cash flow from operating activities?
Transcribed Image Text:Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable Income Less: Taxes Net income Cash Accounts rec. Inventory Sub-total Galaxy United, Inc. 2009 Income Statement Net fixed assets Total $627,800 521,400 11.200 95,200 10,100 $85,100 28,900 $56,200 Galaxy United, Inc. 2008 and 2009 Balance Sheets 2008 2009 $17,000 $24,700 Accounts payable 54,100 56,700 Long-term debt 189,400 186,700 Common stock* $260,500 $268,100 Retained earnings 261,300 279,400 $521,800 $547,500 Total 2008 2009 $128,600 $134,700 147,500 141,000 125,000 140,000 120,700 131,800 $521,800 $547,500 *The par value of the common stock is $1 per share. 5. Using the information above, what is the cash flow from operating activities?
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