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# The income statement and a schedule reconciling cash flows from operat.docx

ellenj4
3 de Feb de 2023
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Calculate each of the following amounts for Mike Roe Computers- (Enter.docx
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### The income statement and a schedule reconciling cash flows from operat.docx

1. The income statement and a schedule reconciling cash flows from operating activities to net income are provided below (\$ in millions) for Mike Roe Computers. Calculate each of the following amounts for Mike Roe Computers: (Enter your answers in millions of dollars rounded to 2 decimal places. Input all amounts as positive values.) Cash received from customers during the reporting period. \$ Cash paid to suppliers of goods during the reporting period. \$ Cash paid to employees during the reporting period. \$ Cash paid for interest during the reporting period. \$ Cash paid for insurance during the reporting period. \$ Cash paid for income taxes during the reporting period. \$ Prepare the cash flows from operating activities section of the statement of cash flows (direct method). (Enter your answers in millions of dollars rounded to 2 decimal places. Amounts to be deducted should be indicated with a minus sign.) Cash Flows From Operating Activities: \$ Net cash flows from opera Solution 1 Calculate amount each of following \$ a Cash recevied from customer =151.20+5.60 156.8 b Cash paid to supplier =90.60-9.60 81 c Cash paid to employees =21.20-3.60 17.6 d Cash paid for interest =6.60+3.30 9.9 e Cash paid for insurance =13.20-2.60 10.6 f Cash paid for income taxes =11.50-6.60 4.9 2 Cash flow from operating activities (Direct method) \$ a Cash recevied from customer =151.20+5.60 156.8 b Cash paid to supplier =90.60-9.60 81 c Cash paid to employees =21.20-3.60 17.6 d Cash paid for interest =6.60+3.30 9.9 e Cash paid for insurance =13.20-2.60 10.6 f Cash paid for income taxes =11.50-6.60 4.9 Net Cash flow from operating activities(\$) 32.8
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