Business

FinanceQ&A LibraryBalance Sheet3-Dudes, Inc.Liabilities & Owners' Equity:Assets:20212022$22,000 $18,000$26,000 $30,000$28,000 $31,000$76,000 $79,0002022$45,000$220,000 $195,000Notes Pay$27,000$292,000 $246,000Total CL2021Cash$21,000Accts PayAccts. Rec.$30,000Other CLInventoriesTotal CA$600,000 $570,000LT Debt-$210,000 -$190,000Total Liab$390,000 $380,000$285,000 $250,000$361,000 $329,000PP&EDepreciationNet PP&E$80,000 $80,000Equity$626,000Ret Earn.Total equityTotal Liab+EQ$241,000 $217,000$321,000 $297,000$682,000 $626,000Total Assets$682,000Simplified Income Statement - 20223-Dudes, Inc$1,200,000-$470,000$730,000RevenueCost of Goods SoldGross ProfitOperating Expenses (G&A):Earnings before interest and taxes (EBIT)Interest charges:Earnings before taxes (EBT)Taxes-$260,000$470,000-$28,000$442,000-$132,600$309,400Net Income 2. Calculate change in cash flow from investingChange in PP&E(+ or - on how benefits cash)CFIQuestion

Asked Dec 12, 2019

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Cash flow from investing activity gives the details of change in cash flows due to the purch...

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