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Business, 23.09.2019 17:30 kira96

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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