Computing operating acitivites cash flow—indirect method [10-15 min]The records of McKnigh...

Computing operating acitivites cash flow—indirect method [10-15 min]

The records of McKnight Color Engraving reveal the following:

Requirements

1. Compute cash flows from operating activities by the indirect method.

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2. Evaluate the operating cash flow of McKnight Color Engraving. Give the reason for your evaluation.