Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Calculate the net cash flow from operation if during the year, net income was reported as $100 million, depreciation was $25 million, account receivables increased
Calculate the net cash flow from operation if during the year, net income was reported as $100 million, depreciation was $25 million, account receivables increased by $12 million, account payables decreased by 58, and inventories decreased by $30 million? You should do minus1 plus2 plus3 etc. because I cannot have + or - and cannot use repeatedly either. Activity Cash flow Sign chosen Amount ($ mil) Notes (for answers) Net income was $100 (plus 1 / minus 1)? 100 Inventories decreased by $30 (plus2 / minus2)? 30 Accounts receivable increased by S12 (plus/minus 3) ? 12 Accounts payable decreased by $8 (plus4 / minus4)? 8 Depreciation was $25 (plus/minus5) ? 25 Cash flow from operation (plus/minus)? 11
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started