Selected information from Rockway, Inc.'s U. S. GAAP financial statements for the year ended December 31, included the following (in $) : 2004 2005 Sales 17,000,000 21,000,000 Cost of Goods Sold 11,000,000 15,000,000 Interest Paid 800,000 1,000,000 Current Income Taxes Paid 700,000 1,000,000 Accounts Receivable 3,000,000 2,500,000 Inventory 2,400,000 3,000,000 Property, Plant & Equip. 2,000,000 16,000,000 Accounts Payable 1,000,000 1,400,000 Long-term Debt 8,000,000 9,000,000 Common Stock 4,000,000 5,000,000 Using the direct method, cash provided or used by operating activities (CFO) in the year 2005 was: A) $5,300,000. B) $4,300,000. C) $6,300,000.
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Home » Business » Selected information from Rockway, Inc.'s U. S. GAAP financial statements for the year ended December 31, included the following (in $) : 2004 2005 Sales 17,000,000 21,000,000 Cost of Goods Sold 11,000,000 15,000,000 Interest Paid 800,000 1,000,000