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The balance sheet of The Computer Doctor reports total assets of $160,000 and $220,000 at the beginning and end of the year, respectively

The balance sheet of The Computer Doctor reports total assets of $160,000 and $220,000 at the beginning and end of the year, respectively. The cash return on assets for the year is 10%. Calculate The Computer Doctor’s net cash flows from operating activities for the year.

 

 

140. Discount Computers' accounts receivable increases during the year by $3 million. What is the amount of cash received from customers during the reporting period if its sales are $47 million?               

 

 

141. Laser Solutions' inventory decreases during the year by $8 million and its accounts payable to suppliers increases by $6 million during the same period. What is the amount of cash paid to suppliers of merchandise during the reporting period if its cost of goods sold is $81 million?

Jan 27 2020 View more View Less

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