Homework Answers
Solution for the questions asked for:
C) Net Income = Revenue - Operating expenses = $56200 - $36900 = $19300
d) Net cash flow from operating activities =
= Cash collection from accounts receivable - Cash paid for operating expenses
= $40700 - $24500 = $16200
h)
| Total Assets | Total Liability | Total equity |
| $70,400.00 | $12,400.00 | $42,300.00 |
| (36900+18000+15500) | (23000+19300) |
| Please rate my answer if helpful. Thank You :) |
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