Question 4:XYZ Co. had the following information in 2020:Sales150000COGS80000Operating expenses (excluding depreciation)Interest expense320008000Taxes3000Increase in Accounts receivableDecrease in inventoryIncrease in ACcounts payableDecrease in other payables7000400050003500Increase in interest payableDecrease in tax payable20001000Prepare operating cash flows using direct method.

Cash flows from the business can be analyzed through activities like: Cash flows from operating…

Question 4: XYZ Co. had the following information in 2020: Sales COGS 150000 80000 Operating expenses (excluding depreciation) Interest expense 32000 8000 Taxes 3000 Increase in Accounts receivable 7000 Decrease in inventory Increase in ACcounts payable Decrease in other payables 4000 5000 3500 Increase in interest payable Decrease in tax payable 2000 1000 Prepare operating cash flows using direct method.

Question 4: XYZ Co. had the following information in 2020: Sales COGS 150000 80000 Operating expenses (excluding depreciation) Interest expense 32000 8000 Taxes 3000 Increase in Accounts receivable 7000 Decrease in inventory Increase in ACcounts payable Decrease in other payables 4000 5000 3500 Increase in interest payable Decrease in tax payable 2000 1000 Prepare operating cash flows using direct method.

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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Question 4: XYZ Co. had the following information in 2020: Sales 150000 COGS 80000 Operating expenses (excluding depreciation) Interest expense 32000 8000 Таxes 3000 Increase in Accounts receivable 7000 Decrease in inventory Increase in Accounts payable Decrease in other payables Increase in interest payable Decrease in tax payable 4000 5000 3500 2000 1000 Prepare operating cash flows using direct method.
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Below is the income statement data of SwiftTech Inc.: Sales $1,800 decrease in inventory $120 Depreciation $200 Increase in accounts receivable $60 increase in accounts payable $90 After tax profit margin 20% Loss on sale of equipment $40 Based on the above information, what is the Cash flow from operations for SwiftTech Inc.?