Solution-Computing cash from operations

Computing cash from operations

Reference no: EM13548067

Computing Cash from Operations

Brinkerhoff Inc. had the following operating balances for 2008:

	December 31, 2008	January 1, 2008
Accounts Payable	$57,200	$69,500
Inventory	34,400	37,300
Accounts Receivable	84,000	89,500

All purchases of inventory were on account.

Brinkerhoff provides the following income statement information for 2008:

Revenues	$ 980,000
Cost of goods sold	(400,000)
Other expenses	(136,000)
Depreciation expense	(107,000)
Loss on sale of equipment	(12,000)
Net income	$ 325,000

Compute cash from operations.

Reference no: EM13548067

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Computing cash from operations

Reference no: EM13548067

Reference no: EM13548067

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