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2. Use the following excerpts from Fromera Company's financial information to prepare the operating section of the statement of cash flows (indirect method) for the year 2018. https://opentextbc.ca 2018 Financial Statement 299,000 135,000 Sales Cost of goods sold Operating expenses, other than depreciation expense Depreciation expense Gain on sale of plant assets Net Income 27,000 17,000 16,500 136,500 Dec. 31, 2017 43,400 1,800 21,250 1,150 Dec. 31, 2018 45,300 1,600 22,500 900 Accounts receivable Inventory Accounts payable Accrued liabilities

2. Use the following excerpts from Fromera Company's financial information to prepare the operating section of the statement of cash flows (indirect method) for the year 2018. https://opentextbc.ca 2018 Financial Statement 299,000 135,000 Sales Cost of goods sold Operating expenses, other than depreciation expense Depreciation expense Gain on sale of plant assets Net Income 27,000 17,000 16,500 136,500 Dec. 31, 2017 43,400 1,800 21,250 1,150 Dec. 31, 2018 45,300 1,600 22,500 900 Accounts receivable Inventory Accounts payable Accrued liabilities

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter16: Statement Of Cash Flows
Section: Chapter Questions
Problem 13PA: Use the following excerpts from Fromera Companys financial information to prepare the operating...
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2. Use the following excerpts from Fromera Company's financial information to prepare the operating section of the statement of cash flows (indirect method) for the year 2018. https://opentextbc.ca 2018 Financial Statement 299,000 135,000 Sales Cost of goods sold Operating expenses, other than depreciation expense Depreciation expense Gain on sale of plant assets 27,000 17,000 16,500 136,500 Net Income Dec. 31, 2017 43,400 1,800 21,250 1,150 Dec. 31, 2018 45,300 1,600 22,500 900 Accounts receivable Inventory Accounts payable Accrued liabilities 3. Using the data in No. 2, compute the following: a. Current cash debt coverage ratio b. Free Cash Flow
Transcribed Image Text:2. Use the following excerpts from Fromera Company's financial information to prepare the operating section of the statement of cash flows (indirect method) for the year 2018. https://opentextbc.ca 2018 Financial Statement 299,000 135,000 Sales Cost of goods sold Operating expenses, other than depreciation expense Depreciation expense Gain on sale of plant assets 27,000 17,000 16,500 136,500 Net Income Dec. 31, 2017 43,400 1,800 21,250 1,150 Dec. 31, 2018 45,300 1,600 22,500 900 Accounts receivable Inventory Accounts payable Accrued liabilities 3. Using the data in No. 2, compute the following: a. Current cash debt coverage ratio b. Free Cash Flow
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