Net income Net cash accounting assignment help
Company A had sales of $1,700 during the year and collected them all in cash.
Company​ B, on the other​ hand, had sales of $1,700 during the year but collected only $1,400 cash with the remaining $300 sales on account.
Both firms had expenses of $900​, all paid in cash by both firms.
What was Company​ A’s net income for the​ year?
What was Company​ A’s net cash from operating activities during the​ year?
What was Company​ B’s net income for the​ year?
What was Company​ B’s net cash from operating activities during the​ year?
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