Accounting: Principles of Financial Accounting

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Depreciation expense

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Cost of merchandise purchased (all merchandise is purchased on account)

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Salaries expense

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Cost of goods sold

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Net profit

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Tax expense

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Utilities and other operating expense

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Rent expense

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Revenue from credit sales (assume all sales were on credit). Tip: you can get this number from the Accounts Receivable T account.

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Compute the cash flow from operations in x4: (Note: Fibertech treats interest payments as a cash flow from operations.)