Reference no: EM132251273
Question - Jamison Company's income statement for 20X6 is below:
Jamison Company Income Statement as of 12/31/X6
Revenue 76450
Cost of Goods Sold (40740)
Gross Profit 35,710
Depreciation Expense (8,240)
Other Expenses (19,000)
Earnings Before Tax 8,470
Tax Expense (2,076)
Net Income $6,394
Selected Balance Sheet Accounts from the Beginning and End of 20X6,
1/1/X6 12/31/X6
Accounts Receivable $32,590 $34,090
Inventory 23,100 35,020
Prepaid Expenses 13,970 11,340
Accounts Payable 39,870 44,960
Salaries Payable 22,030 17,440
Taxes Payable 12,490 11,230
Required - Determine Jamison's cash flow from operations using indirect methods.
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