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Prepare a statement of cash flow using the indirect method.

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Reference no: EM131779157

Problem - Prepare a statement of cash flow using the indirect method.

Compare financial statement data as follows:

2009

2008

Cash

3

6

Accounts receivable

22

24

Inventory

50

40

Plants and equipment

240

200

Less accumulated depreciation

-65

-50

Total Depreciations

250

220

In 2009 the company reported net income as follows

Sales

275

Cost of Goods sold

150

Gross Margin

125

Selling and administrative expenses

90

Net income

35

Dividens of 14$ were declared and paid during 2009.

1) Using the indirect method prepare a statement of cash flow for 2009?

2) Compute the free cash flow for 2009.

Reference no: EM131779157

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