-Use the Information Provided Above to Calculate the Company's:
A

question 2

Essay

$\begin{array}{lrlr}\text { Sales revenue } & \$ 909,272 & \text { Amortization expense } & \$ 3,206 \\\text { Cost of goods sold } & 445,563 & \text { Selling. general and administrative } & 91,316\\&&\text { expenses }\\\text { Interest expense } & 12,402 & \text { Income tax expense } & 143,126 \\\text { Accounts receivable 12/31/06 } & 65,305 & \text { Accounts receivable } 12 / 31 / 07 & 67,810 \\\text { Accounts payable 12/31/06 } & 16,540 & \text { Accounts payable } 12 / 31 / 07 & 17,261\\\text { Prepaid expenses 12/31/06 } & 4,107 & \text { Prepaid expenses 12/31/07 } & 3,875 \\\text { Inventory } 12 / 31 / 06 & 7,852 & \text { Inventory } 12 / 31 / 07 & 6,491\end{array}$
-Use the information provided above to calculate the company's:
a.net income for 2007.
b.net cash flow from operating activities in 2007 using the indirect method.

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Definitions:

Excess Body Weight

Carrying more body fat than is optimally healthy, often defined by a Body Mass Index (BMI) over 25.

Risk Factor

An aspect or variable associated with an increased likelihood of suffering from a particular disease, condition, or injury.

Genes

The basic physical and functional units of heredity, made up of DNA, which determine specific characteristics by encoding proteins.

Environmental Wellness

The awareness and interaction with the environment to promote health and well-being.