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Given the Annual depreciation expense during 2019 for this company was $10,080, calculate this firm Change in Cash from its Operating Activities during 2019 and

Given the Annual depreciation expense during 2019 for this company was $10,080, calculate this firm Change in Cash from its Operating Activities during 2019 and Explain the meaning of calculated Change in Cash from its Operating Activities during 2019 to investorsimage text in transcribed

Use the following balance sheets and income statement for this question (all in Million USD) Iconix Inc. Current assets: 2019 2018 Iconix 2019 2018 Cash $ 6,867 $ 8,705 Net sales $ 481,317 $ 478,614 Receivables, net 5,835 5,624 Membership and other income 4,556 3,516 Inventories 43,046 44,469 Total revenues 485,873 482,130 Prepaid expenses 1,941 1,441 Costs and expenses: Total current assets 57,689 60,239 Cost of sales 361,256 360,984 Property plant, net 107,710 110,171 Operating, selling expenses 101,853 97,041 Property plant under lease net 6,468 6,345 Operating income 22,764 24,105 Goodwill 17,037 16,695 Interest expense on Debt 2.044 2,027 Intangible assets 9,921 6,131 Capital lease and financing obligations 323 521 Total assets 198,825 199,581 Interest income (100) (81) ( Current liabilities: Interest, net 2,267 2,467 Short-term borrowings 1,099 2,708 Income from operations before income tax 20,497 21,638 Accounts payable 41,433 38,487 Provision for income taxes 6,204 6,558 Accrued liabilities 20,654 19,607 Consolidated net income 14,293 15,080 Accrued income taxes 921 521 Debt due in one year 2,256 2,745 Unearned revenues 565 551 Total current liabilities 66,928 64,619 Long-term debt 36,015 38,214 Other long-term liabilities 15,347 13,137 Equity: Common stock 305 317 Capital in excess of par 2,371 1,805 Retained earnings 89.354 90,021 Other comprehensive loss (14,232) (11,597) Total shareholders' equity 77,798 80,546 Noncontrolling interest 2,737 3,065 Total equity 80,535 83,611 Total liabilities and equity 198,825 199,581

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