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Here is the summary financial data for Hogan Corp. All current assets and current liabilities relate to operations. SHOW LABELLED CALCULATIONS! 1. Compute net cash
Here is the summary financial data for Hogan Corp. All current assets and current liabilities relate to operations. SHOW LABELLED CALCULATIONS! 1. Compute net cash provided (used) by operations for 2022 and 2021. 2. Show how net cash from operations would change if Hogan decided to delay payment of $50,000 of accounts payable from late 2021 to early 2022 ? [consider whether the ending 2022 numbers would change????) 3. Ignore what you did in \#2. How would the numbers change if Hogan decided to delay purchase of $50,000 of inventory for cash from late 2021 to early 2022? 4. Can cash flows from operations be manipulated? Explain your
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