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Analyze the operating cash flow for Bank of America Corporation using the following data: Net Income: $8,000,000 Depreciation Expense: $1,200,000 Changes in working capital: Accounts

Analyze the operating cash flow for Bank of America Corporation using the following data:

    • Net Income: $8,000,000
    • Depreciation Expense: $1,200,000
    • Changes in working capital:
      • Accounts Receivable: $500,000 increase
      • Inventory: $200,000 decrease
      • Accounts Payable: $300,000 increase
      • Prepaid Expenses: $100,000 decrease

Calculate the operating cash flow and discuss its significance.

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