Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter9: Long-term Liabilities
Section: Chapter Questions
Problem 89E: Ratio Analysis Rising Stars Academy provided the following information on its 2019 balance sheet and...
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Question
![PRINCESS Company provided the following information for the year ended December
. 2018:
600,000
225,000
1,125,000
Cash payment to employees
Interest payment on bank loan
Cash payment for equipment
Cash dividends paid
Incerest received
Cash payment to suppliers
Cash dividends recerved
Income tax paid
Cash collections from customers
300,000
75,000
1,500,000
225,000
150,000
4,500,000
Requited: Compute the net cash provided by operating activities.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F39a6b42a-38b7-4074-b272-6826d1e17452%2Fb9069034-c6c2-49b3-b580-435bb720347f%2Fg6zd5l_processed.jpeg&w=3840&q=75)
Transcribed Image Text:PRINCESS Company provided the following information for the year ended December
. 2018:
600,000
225,000
1,125,000
Cash payment to employees
Interest payment on bank loan
Cash payment for equipment
Cash dividends paid
Incerest received
Cash payment to suppliers
Cash dividends recerved
Income tax paid
Cash collections from customers
300,000
75,000
1,500,000
225,000
150,000
4,500,000
Requited: Compute the net cash provided by operating activities.
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