At December 31,2013,Cash was $70,200,Accounts Receivable was $42,000 and Accounts Payable was $40,000.
Required:
(a)What were Amherst's cash flows from operating activities for the year ended December 31,2013?
(b)Compute Amherst's free cash flow and current cash debt coverage for 2013.
(c)How does information in the balance sheet and statement of cash flows help the user or analyst of the financial statements?

Question

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The Answer of At December 31,2013,Cash was $70,200,Accounts Receivable was $42,000 and Accounts Payable was $40,000.
Required:
(a)What were Amherst's cash flows from operating activities for the year ended December 31,2013?
(b)Compute Amherst's free cash flow and current cash debt coverage for 2013.
(c)How does information in the balance sheet and statement of cash flows help the user or analyst of the financial statements?

At December 31,2013,Cash Was $70,200,Accounts Receivable Was $42,000 and Accounts