Table 17-4
Avatar Company uses the indirect method to prepare its statement of cash flows. Please refer to the following information for the year 2017.
Avatar Company
Balance Sheet
December 31,2017 
Avatar Company
Income Statement
For the Year Ended December 31, 2017 
Avatar Company
Statement of Retained Earnings
For the Year Ended December 31, 2017 
Additional information provided:
-Refer to Table 17-4.Prepare a statement of cash flows in good form assuming that Avatar Company uses the indirect method.
Definitions:
Current Liabilities
A company's debts or obligations that are due to be paid to creditors within one year.
Working Capital
The difference between a company's current assets and current liabilities, indicating the short-term liquidity of the company.
Current Ratio
An indicator assessing a corporation's capability to settle its obligations that are due in less than one year, focusing on short-term liquidity.
Acid-Test Ratio
A financial metric that measures a company's ability to pay off its short-term liabilities with its quick assets.
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