Cengagenowa 1 Online teeching and learning source tfrom Cengage Leaming 6. EX.3.

Question

Cengagenowa 1 Online teeching and learning source tfrom Cengage Leaming 6. EX.3. 22.AP2.ALOO (Algorithmic) Cash Flows from Operating Activitbies-Direct Method The income statement for Rhino Company for the ament year ended Me 3a and woes of selected accoves·nebeginning and thhe end ofthe yer are as blows Cost of goods sold Gross proi Operating expenses 184,370 3,620 120,750 Depreciation expense Other operating expenses 15,920 47,810 Total operating expenses Income before income tax 57,030 6,500 End of Year Beginning ef Year Accounts receivable (et) 14,870 3.170 800 ,3.30 Prepaid expenses Accounts peyable (merchandise cresnors) espenses payable (operating expenses)

Explanation / Answer

SLIDE NO.4 NOT CLEARLY VISIBLE

net profit before tax 57020 add depriciation 15920 change in working capital add increase in current laibilities/decrease in current asset accounts payble 2010 (27960-25950) prepaid expense 600 (6600-6000) less decrease in Cl & increase in C.A accounts receivable -1930 (12940-14870) inventories -4960 (33170-38130) accrued exp -710 (8610-7900) cash generated 67950 less tax paid -16500 CASH FROM OPERATING ACTIVITIES 51450

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