E4.13. Accrual Accounting Relations (Medium) 2. A firm reported $405 million in revenue and an increase in
Question:
E4.13. Accrual Accounting Relations (Medium) 2. A firm reported $405 million in revenue and an increase in net receivables of $32 mil- lion. What was the cash generated by the revenues?
b. A firm reported wages expense of $335 million and cash paid for wages of $290 mil- lion. What was the change in wages payable for the period?
c. A firm reported net property, plant, and equipment (PPE) of 5873 million at the begin- ning of the year and $923 million at the end of the year. Depreciation on the PPE was $131 million for the year. There were no disposals of PPE. How much new investment in PPE was there during the year?
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Financial Statement Analysis And Security Valuation
ISBN: 9780071267809
4th International Edition
Authors: Penman-Stephen-H, Steven Penman
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