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Education

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    Devry University
    Sep-2004 - Aug-2010

Experience

  • Assistant Financial Analyst
    NatSteel Holdings Pte Ltd
    Aug-2007 - Jul-2017

Category > Management Posted 16 Dec 2017 My Price 10.00

Rojas Corporations's Comparative balance sheets

Rojas Corporations's Comparative balance sheets are presented below

Rojas Corporation

Comparative Balance Sheets

December 31

2017 2016

Cash $14,300 $10,700

Accounts receivable 21,200 23,400

Land 20,000 26,000

Buildings 70,000 70,000

Accumulated depreciation-buildings (15,000) (10,000)

Total $110,500 $120,100

 

Accounts payable $12,370 $ 31,100

Common Stock 75,000 69,000

Retained Earnings 23,130 20,000

Total $110,500 $120,100

 

Additional Information

  1. Net income was $22,630. Dividends declared and paid were $19,500
  2. No non cash Investing and financing activities occurred during 2017
  3. The land was sold for cash of $4,900

Instructions

(a) Prepar a statement of cash flows for 2017 using the indirect method

(b) Compute free cash flow.

Answers

CourseLover
(12)
Status NEW Posted 16 Dec 2017 02:12 PM My Price 10.00

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