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In preparing a company’s statement of cash flows for the most recent year using the indirect method, the following information is available:     Net income for the year was $ 52,000 Accounts payable decreased by   18,000 Accounts receivable increased by   25,000 Inventories increased by   5,000 Depreciation expense was   30,000 Net cash provided by operating activities was:

An account is a record of increases and decreases in a specific asset, liability, equity, revenue, or expense item.

In preparing a company’s statement of cash flows for the most recent year using the indirect method, the following information is available:           Net income for the year was $ 52,000   Accounts payable decreased by   18,000   Accounts receivable increased by   25,000   Inventories increased by   5,000   Cash dividends paid were   14,000   Depreciation expense was   20,000   Net cash provided by operating activities was:

When preparing a statement of cash flows using the indirect method, each of the following should be classified as an operating cash flow except:

The cash flow on total assets ratio is calculated by:

Return on assets is often stated in ratio form as the amount of average total assets divided by income.

In preparing a company’s statement of cash flows for the most recent year using the indirect method, the following information is available:           Net income for the year was $ 52,000   Accounts payable decreased by   18,000   Accounts receivable increased by   25,000   Inventories increased by   5,000   Cash dividends paid were   14,000   Depreciation expense was   20,000   Net cash provided by operating activities was:

A company had net cash flows from operations of $120,000, cash flows from financing of $330,000, total cash flows of $500,000, and average total assets of $2,500,000. The cash flow on total assets ratio equals:

Refer to the following selected financial information from Barstool Company. Compute the company’s days’ sales uncollected for Year 2. (Use 365 days a year.)    Year 2   Year 1   Accounts receivable, net 86,500   82,750   Net sales 723,000   693,000  

When preparing the operating activities section of the statement of cash flows using the indirect method, non-operating gains are added to net income.