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Bobolink Inc. has the following financial statements (Somitted). No dividends were paid. No new stock was sold during the yea
1. What is the Net Change in the Current Accounts? A. $3 B. $13 C.-$13 D. $17 E. $-3 2. What is the Change in Operating Activ
Bobolink Inc. has the following financial statements (Somitted). No dividends were paid. No new stock was sold during the year BALANCE SHEET Beginning Ending ASSETS INCOME STATEMENT $100 Cash 5 7 Revenue Accts Receivable 15 20 COGS 38 10 Depreciation Gross Margin Expenses EBIT Inventory $30 $32 $55 Current Assets 25 Fixed Assets Gross 100 112 $30 (17) Accum Depreciation Net Fixed Assets (101 Interest 10 $90 $95 EBT $20 Tax Total Assets $120 $127 EAT $15 LIABILITIES&EQUITY Accts Pay Accruals 15 20 $20 $23 Current Liabilities Long Term Debt Equity Total Liabilities & Equity 64 75 25 40 $120 $127
1. What is the Net Change in the Current Accounts? A. $3 B. $13 C.-$13 D. $17 E. $-3 2. What is the Change in Operating Activities? A. $25 B. $35 C. -$25 D. $29 E.-$22 3. What is the Change in Investing Activities? A. $5 B. $-7 C.-S-12 D. 12 E. $7 4. What is the Change In Financing Activities? A. -$11 B. $46 C. $34 D.-S8 E. $7 TTT Anat 3 (12pt) THEE Save A Anwers Click Save ad Sub hitto save nd subait. Chek Sare tnéersto sate all ansuers
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