Answered

Discover the answers you need at Westonci.ca, where experts provide clear and concise information on various topics. Get quick and reliable solutions to your questions from a community of experienced professionals on our platform. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

Statement of Cash Flows Paige's Properties Inc. reported 2018 net income of $1.90 million and depreciation of $259,000. Paige's Properties, Inc.'s 2017 and 2018 balance sheets are listed below (in millions of dollars).
Current assets 2017 2018
Cash and marketable securities 3.90 2.45
Accounts receivable 4.45 5.98
Inventory 6.98 5.45
Total 15.25 13.88
Current liabilities 2017 2018
Accrued wages and taxes 1.09 1.09
Accounts payable 3.09 4.45
Notes payable 11.07 8.26
Total 15.25 13.88
What is the 2018 net cash flow from operating activities for Paige's Properties, Inc.?
a. $1.450.000
b. $1.900.000
c. $3,519,000
d. $1.619.000

Sagot :

ayokenny2001

Answer:

See calculations below

Explanation:

With regards to the above we'll simply add back the given depreciation to the net profit for 2018

= Net income $1,090,000 + depreciation

$290,000

= $1,358,000

Cash flow for 201 is $1,358,000

We hope our answers were useful. Return anytime for more information and answers to any other questions you have. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.