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Accounting

Clipboard A1 2 3 4 5 6 7 8 9 10 9 4 31 X Prepaid expenses Equipment A Assets: Cash 11 Accounts receivable, net 12 Merchandise inventory 13 14 Font Problem K Use the following financial statements and additional information to (1) prepare a complete statement of cash flows for the year ended December 31, Year 2. The cash provided or used by operating activities should be reported using the direct method, and (2) compute the company's cash flow on total assets ratio for Year 2. Derby Company Balance Sheets At December 31 Workshort Use the following financial statements ar B Alignment Year 2 85,600 72,850 157,750 6,080 280,600 C Year 1 65,200 56,750 144.850 12,680 245.600
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Use the following financial statements A Asethefollowingfinancialstatementsandadditionalinformationto(1) prepare a complete statement of cash flows for the year ended December 31 , Year 2. The cash provided or used by operating activities should be reported using the direct method, and (2) compute the company's cash flow on total assets ratio for Year 2

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