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In: Accounting

How woukd you calculate the operating activities section using the indirect method?

How woukd you calculate the operating activities section using the indirect method?

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The answer has been presenetd in the supporting sheet.


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Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section...
Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. Its balance sheet for this year is as follows: Ending Balance Beginning Balance Cash and cash equivalents $ 89,000 $ 106,750 Accounts receivable 71,500 77,000 Inventory 96,000 87,500 Total current assets 256,500 271,250 Property, plant, and equipment 255,000 245,000 Less accumulated depreciation 85,000 61,250 Net property, plant, and equipment 170,000 183,750 Total assets $ 426,500 $ 455,000 Accounts...
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Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. Its balance sheet for this year is as follows: Ending Balance Beginning Balance Cash $ 126,600 $ 152,250 Accounts receivable 100,000 107,800 Inventory 134,300 122,500 Total current assets 360,900 382,550 Property, plant, and equipment 354,000 343,000 Less accumulated depreciation 118,000 85,750 Net property, plant, and equipment 236,000 257,250 Total assets $ 596,900 $ 639,800 Accounts payable $ 78,400...
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Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. Its balance sheet for this year is as follows: Ending Balance Beginning Balance Cash and cash equivalents $ 61,000 $ 72,650 Accounts receivable 51,200 55,000 Inventory 68,700 62,500 Total current assets 180,900 190,150 Property, plant, and equipment 186,000 175,000 Less accumulated depreciation 62,000 43,750 Net property, plant, and equipment 124,000 131,250 Total assets $ 304,900 $ 321,400 Accounts...
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Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. Its balance sheet for this year is as follows: Ending Balance Beginning Balance Cash $ 121,800 $ 146,550 Accounts receivable 95,900 103,400 Inventory 128,800 117,500 Total current assets 346,500 367,450 Property, plant, and equipment 339,000 329,000 Less accumulated depreciation 113,000 82,250 Net property, plant, and equipment 226,000 246,750 Total assets $ 572,500 $ 614,200 Accounts payable $ 75,200...
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Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. Its balance sheet for this year is as follows: Ending Balance Beginning Balance Cash $ 121,800 $ 146,550 Accounts receivable 95,900 103,400 Inventory 128,800 117,500 Total current assets 346,500 367,450 Property, plant, and equipment 339,000 329,000 Less accumulated depreciation 113,000 82,250 Net property, plant, and equipment 226,000 246,750 Total assets $ 572,500 $ 614,200 Accounts payable $ 75,200...
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