Selected accounts from the SFP of UVI Limited at 31 December 20X4 and 20X5 are...
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Accounting
Selected accounts from the SFP of UVI Limited at 31 December 20X4 and 20X5 are presented below. UVI reported earnings of $419,000 in 20X5, and depreciation expense was $37,100.
As at 31 December
20X5
20X4
Accounts receivable
$
170,700
$
121,400
Inventory
214,400
266,200
Accounts payable
161,900
217,600
Short-term bank loan payable
82,100
114,800
Required: Calculate cash from operating activities for 20X5. Good form is not required.
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