What are hi-techs net cash flows from operating activities

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Question: 1. Macrosoft Company reports net income of $65,000. The accounting records reveal depreciation expense of $80,000 as well as increases in prepaid rent, accounts payable, and income tax payable of $60,000, $12,000, and $18,000, respectively. Prepare the operating activities section of Macrosoft's statement of cash flows using the indirect method.

2. 6 Hi-Tech, Inc., reports net income of $60 million. Included in that number are depreciation expense of $5 million and a loss on the sale of equipment of $1 million. Records reveal increases in accounts receivable, accounts payable, and inventory of $2 million, $3 million, and $4 million, respectively. What are Hi-Tech's net cash flows from operating activities?

Reference no: EM131522301

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