Question
According to the information below, what is Enigma's cash flow from operations? Enigma has the following financial information: Net Income $70,000 Taxable Income (EBT) $100,000
According to the information below, what is Enigma's cash flow from operations?
Enigma has the following financial information:
Net Income $70,000
Taxable Income (EBT) $100,000
Interest Expense $20,000
Depreciation Expense $15,000
Tax Expense $30,000
Increase in Accounts Receivable $20,000
Decrease in Inventory $40,000
No change in interest payable or taxes payable.
Step by Step Solution
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Step: 1
To calculate Enigmas cash flow from operations we can use the indirect method The ca...
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Financial Accounting and Reporting a Global Perspective
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
4th edition
978-1408066621, 1408066629, 1408076861, 978-1408076866
