Sitewide Company’s net income was $250,000. Given the accoun…
Sitewide Company’s net income was $250,000. Given the account information below, what is the net cash flows from operating activities for Sitewide? Increase in accounts receivable$ 60,000Increase in salaries payable50,000Decrease in inventory30,000Depreciation expense45,000Increase in prepaid insurance3,000
Read DetailsExcerpts from Nationwide Company’s December 31, 2024 and 202…
Excerpts from Nationwide Company’s December 31, 2024 and 2023, financial statements are presented below: 20242023Accounts receivable$ 82,000$ 78,000Inventory86,00077,000Net sales450,000381,000Cost of goods sold260,000219,000Total assets830,000785,000Total stockholders’ equity490,000455,000Net income70,00052,000 What is the profit margin for 2024?Note: Round your answer to one decimal place.
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