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1:57 Back Statement of Cash Flow onl... Not yet answered Question 19 Marked out of 0.25 (MOP'm) 20X3 20X2 Cash 4,000 14,000 Accounts receivable 25,000
1:57 Back Statement of Cash Flow onl... Not yet answered Question 19 Marked out of 0.25 (MOP'm) 20X3 20X2 Cash 4,000 14,000 Accounts receivable 25,000 32,500 Prepaid insurance 5,000 7,000 Inventory 37,000 34,000 Non-current assets 316,000 270,000 Accumulated depreciation -45,000 -30,000 Total Assets 342,000 327,500 Accounts payable 18,000 16,000 Wages payable 4,000 7,000 Notes payable 173,000 160,000 Capital stock 88,000 84,000 Retained earnings 59,000 60,500 Total Liabilities and Equity 342,000 327,500 Sales 200,000 Cost of Goods Sold -123,000 Depreciation expense -15,000 Insurance expense -11,000 Wages expense -50,000 Net Income 1,000 During 20X3, the corporation declared and paid dividends of $2,500m. It also paid $46,000m in cash to acquire new equipment. The accounts payable was used only for inventory. No debt was retired during 20X3. Based on the above information, what is total cash flow from operations (in million)? a. - $19,500 b. $20,500
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