The Statement of Cash Flows and Credit Analysis
June’s Camera Shop sells cameras and photographic supplies of all types to retail customers. June’s also repairs cameras and provides color prints. To compete with other camera departments, June’s offers fast, efficient, and effective repairs and photographic processing. For fiscal 2019 and 2018, June’s accountant prepared the following statements of cash flows:
Required:
Does June’s Camera Shop appear to have grown (in terms of property, plant, and equipment) during the past 2 years?
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