Solution-What was the firms net income

What was the firms net income

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Reference no: EM13547998

STATEMENT OF CASH FLOWS W.C. Cycling had $55,000 in cash at year-end 2007 and $25,000 in cash at year-end 2008. Cash flow from long-term investing activities totaled -$250,000,. and cash flow from financing activities totaled +$170,000.

a. What was the cash flow from operating activities?

b. If accruals increased by $25,000, receivables and inventories increased by $100,000, and depreciation and amortization totaled $10,000, what was the firm's net income?

Reference no: EM13547998

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What was the firms net income

Reference no: EM13547998

Reference no: EM13547998

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