Net salesTotal assetsEnd of year balance in cashTotal stockholders' equityGross profit (SalesNet increase in cash for the yearOperating expenses-Cost of Sales)Net operating cash flowOther income (expense), netCompute Amazon's cost of goods sold for the year.$10,7744,4491,0714932,532152,064676(18)

A crucial financial indicator known as Cost of Goods Sold (COGS) shows the actual expenses incurred…

Net sales Total assets End of year balance in cash Total stockholders' equity Gross profit (Sales - Cost of Sales) Net increase in cash for the year Operating expenses Net operating cash flow Other income (expense), net Compute Amazon's cost of goods sold for the year. $10,774 4,449 1,071 493 2,532 15 2,064 676 (18)

Net sales Total assets End of year balance in cash Total stockholders' equity Gross profit (Sales - Cost of Sales) Net increase in cash for the year Operating expenses Net operating cash flow Other income (expense), net Compute Amazon's cost of goods sold for the year. $10,774 4,449 1,071 493 2,532 15 2,064 676 (18)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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MOSS COMPANY Income Statement For Year Ended December 31, 2021 Sales Cost of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation expense Income before taxes Income taxes expense Net income MOSS COMPANY Selected Balance Sheet Information 2021 At December 31 Current assets Cash Accounts receivable Inventory Current liabilities Accounts payable Income taxes payable $91,150 31,500 66,500 Cash flows from operating activities: 43,400 2,700 $ 549,000 357,600 191,400 128,500 49,000 13,900 8,100 $ 5,800 2028 $ 33,300 45,000 55,400 32,200 3,500 Use the information above to calculate cash flows from operating activities using the indirect method. Note: Amounts to be deducted should be indicated by a minus sign. Adjustments to recor net come to net cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and liabilities $ 49.000 $ 49,000 49,000
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Caculate the following ratios for Apple Inc. Current ratio Quick ratio Receivable turnover Average days sales uncollected
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Subject: accounting
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Sales MOSS COMPANY Income Statement For Year Ended December 31, 2021 Cost of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation expense Income before taxes Income taxes expense Net income $ 549,000 357,600 191,400 128,500 49,000 13,900 8,100 $ 5,800 MOSS COMPANY Selected Balance Sheet Information At December 31 2021 2020 Current assets Cash $ 91,150 $ 33,300 Accounts receivable 31,500 45,000 66,500 55,400 Current liabilities 43,400 32,200 2,700 3,500 Inventory Accounts payable Income taxes payable Use the information above to calculate cash flows from operating activities using the indirect method. Note: Amounts to be deducted should be indicated by a minus sign. Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and liabilities $ 49,000 49,000 $ 49,000