Dig man and co had retained earnings of $400,000 and$50,000 in cash on January 1. It mad a net income of $300,000 in the year. The amortization epense was $250,000. Digman co issued. Additional common shares for $500,000 and borrowed $600,000 from the bank of toy lane. What was cash from financing activities.
Dig man and co had retained earnings of $400,000 and$50,000 in cash on January 1. It mad a net income of $300,000 in the year. The amortization epense was $250,000. Digman co issued. Additional common shares for $500,000 and borrowed $600,000 from the bank of toy lane. What was cash from financing activities.
Next question; miden co. Has current assets of $180,000 (cash, $20,000; accounts receivable , $70,000 ; inventory , $90,000) and long term assets that had cost $400,000 with amortization to date of $180,000. Sales were $500,000 and operating profit was $50,000. Tax was $20,000 and interest paid was $10,000 . Miden co inventory holding period to nearest day would be either what? A) 46 days b) 66 days c) 32 days d) 23 days e) 51 days
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