M November 23rd Assignme x c Dezto.mheducation.com/hm.tpx?-0.1 33647292407 13835

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M November 23rd Assignme x c Dezto.mheducation.com/hm.tpx?-0.1 33647292407 13835-1448766897 173 : Apps Bookmarks Corriente Saddle Co Sarah The following information applies to the questions displayed below.] Ravenna Company is a merchandiser that uses the Indirect method to prepare the operating activities section of its statement of cash flows. Its balance sheet for this year is as follows: Cash Accounts recelvable Inventory Ending Beginning Balance Balance $102.000 $. 122.400 81,700 88,000 109,700 100,000 293.400 310.400 Total current assets Property, plant, and equipment 291,000 280,000 Less accumulated depreclation Net property, plant, and equipment Total assets 97,000 70,000 194,000 210,000 $487.400 $.520.400 Accounts payable Income taxes payable Bonds payable Common stock Retalned earnings 64,000 113,700 49,700 65,700 20,000 100,000 140,000 120,000 113,700 121,000 Total liabilities and stockholders' equity $487,400 $.520.400 During the year, Ravenna pald a $12,000 cash dividend and It sold a plece of equipment for $6,000 that had originally cost $13,800 and had accumulated depreclation of $9,200. The company did not retire any bonds or repurchase any of its own common stock durlng the year 11/28/2015

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M November 23rd Assignme x c Dezto.mheducation.com/hm.tpx?-0.1 33647292407 13835

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