BenHua Corp.'s net income last year was P56,000. The company paid a cash dividend of P31,000 and did not sell or retire any property and equipment last year. Changes in the selected statement of financial position accounts for the years as follows: Decrease in Accounts Receivable P8,000 Decrease in Inventory 6,000 Increase in Prepaid Expenses 12,000 Increase in Accumulated Depreciation 23,000 Decrease in Accounts Payable 10,000 Increase in Accrued Liabilties 7,000 Increase in Income tax payable 5,000 Increase in Bonds Payable 40,000 Based solely on the above information, what is the net cash provided by the operating activities for the year in the statement of cash flows?
Financial Ratios
A Ratio refers to a figure calculated as a reference to the relationship of two or more numbers and can be expressed as a fraction, proportion, percentage, or the number of times. When the number is determined by taking two accounting numbers derived from the financial statements, it is termed as the accounting ratio.
Return on Equity
The Return on Equity (RoE) is a measure of the profitability of a business concerning the funds by its stockholders/shareholders. ROE is a metric used generally to determine how well the company utilizes its funds provided by the equity shareholders.
BenHua Corp.'s net income last year was P56,000. The company paid a cash dividend of P31,000 and did not sell or retire any property and equipment last year. Changes in the selected
| Decrease in Accounts Receivable | P8,000 |
| Decrease in Inventory | 6,000 |
| Increase in Prepaid Expenses | 12,000 |
| Increase in Accumulated |
23,000 |
| Decrease in Accounts Payable | 10,000 |
| Increase in Accrued Liabilties | 7,000 |
| Increase in Income tax payable | 5,000 |
| Increase in Bonds Payable | 40,000 |
Based solely on the above information, what is the net cash provided by the operating activities for the year in the statement of cash flows?
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