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Selected current year company information follows: The total asset turnover is: * Net profit Net...

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Accounting

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Selected current year company information follows: The total asset turnover is: * Net profit Net sales $15.953 712.855 Total liabilities, beginning-year 83,932 Total liabilities, end-of-year 103.201 Total shareholders' equity, beginning-year 198,935 Total shareholders' equity, end-of-year 121,851 Your answer Use the following information and the indirect method to calculate the net cash from or used in operating activities: Profit before taxes Depreciation expenses Payment on mortgage pay able Gain on sale of land Increase in merchandise inventory. Increase in accounts payable Proceeds from sale of land Income tax paid.. $14,000 12,000 15,000 7.500 2,050 6,150 8,000 1,700 Your

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