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A company has the following data relating to its last 2 years of operations: Selected balance sheet data 2021 2020 Cash and cash equivalents 2300
A company has the following data relating to its last 2 years of operations:
Selected balance sheet data
2021 | 2020 | |
Cash and cash equivalents | 2300 | 2700 |
accounts receivable | 7000 | 8500 |
inventory | 13000 | 12100 |
prepaid expenses | 500 | 700 |
accounts payable | 5000 | 6000 |
accrued expenses | 1100 | 900 |
deferred taxes | 2100 | 1700 |
investments | 2000 | 8000 |
PPE | 16000 | 15000 |
Accumulated depreciation,PPE | 11000 | 9000 |
intangible assets | 5000 | 5700 |
Selected income statement data
Earnings before interest,taxes,depreciation and amortization(EBITDA) | 17,700 |
Depreciation | 2000 |
Amortization of intangibles | 700 |
operating profit | 15,000 |
Gain on sale of investments | 5000 |
Interest expense | 1200 |
income before taxes | 18,800 |
Taxes | 3700 |
Net income | 15,100 |
Additional information:
Question:
If you are asked to prepare a financial cash flow statement:
what would be your operating cash flow (OCF)? Show calculations.
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