(SOLVED) Using the financial statements for Small Time Products calculate cash


Question Description:

$15

Using the financial statements for Small Time Products, calculate cash flow from assets and financing flow in 2015. Treat interest as a financing flow.
2015 Income Statement
Revenue……………………………………..$ 1,301
Cost of goods sold…………………………….1,031
Depreciation……………………………………….140
Interest expense…………………………………..38
Taxes…………………………………………____12
Net income…………………………………………63

Answer

$15