Business
Business, 10.09.2019 19:30, nataliahenderso

Portions of the financial statements for myriad products are provided below. myriad products company income statement for the year ended december 31, 2018 ($ in millions) sales $ 900 cost of goods sold 315 gross margin 585 salaries expense $ 150 depreciation expense 98 patent amortization expense 5 interest expense 38 loss on sale of land 4 295 income before taxes 290 income tax expense 145 net income $ 145 myriad products company selected accounts from comparative balance sheets december 31, 2018 and 2017 ($ in millions) year 2018 2017 change cash $ 138 $ 130 $ 8 accounts receivable 261 277 (16 ) inventory 465 480 (15 ) accounts payable 203 194 9 salaries payable 107 116 (9 ) interest payable 57 50 7 income taxes payable 48 40 8 required: prepare the cash flows from operating activities section of the statement of cash flows for myriad products company using the indirect method.

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Portions of the financial statements for myriad products are provided below. myriad products company...

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