Harper Outdoor Furniture, Incorporated, has net cash flows from operating activities for the last year of $349 million.
Posted: Sat Feb 26, 2022 9:09 am
Harper Outdoor Furniture, Incorporated, has net cash flows from
operating activities for the last year of $349 million. The income
statement shows that net income is $317 million and depreciation
expense is $55 million. During the year, the change in inventory on
the balance sheet was $47 million, the change in accrued wages and
taxes was $24 million, and the change in accounts payable was $29
million. At the beginning of the year the balance of accounts
receivable was $42 million. Calculate the end-of-year balance for
accounts receivable. (Enter your answer in millions.)
End of the year balance of accounts receivable =
operating activities for the last year of $349 million. The income
statement shows that net income is $317 million and depreciation
expense is $55 million. During the year, the change in inventory on
the balance sheet was $47 million, the change in accrued wages and
taxes was $24 million, and the change in accounts payable was $29
million. At the beginning of the year the balance of accounts
receivable was $42 million. Calculate the end-of-year balance for
accounts receivable. (Enter your answer in millions.)
End of the year balance of accounts receivable =